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MAPFRE RE partners with CyberCube to enhance cyber risk management

5th March 2025

MAPFRE RE, the reinsurance arm of Madrid-based insurer MAPFRE, has entered into a three-year agreement with CyberCube, a provider of cyber risk analytics, to license its suite of solutions. This partnership reinforces MAPFRE RE’s commitment to strengthening its cyber risk management capabilities. Under the agreement, MAPFRE RE will use CyberCube’s suite of ... Read the full article

Gallagher Re launches Cyber RAR Index, revealing 100% growth since 2020

5th March 2025

Reinsurance broker Gallagher Re has launched its Cyber Risk Adjusted Rating (RAR) Index, revealing that its value was 100% higher on January 1, 2025, compared to January 1, 2020. The Gallagher Re Cyber RAR Index is a measure of the change in reinsurance prices adjusted for expected changes to the underlying ... Read the full article

Third-party risk emerges as key driver of cyber insurance claims & losses in 2024: Resilience

28th February 2025

In 2024, third-party risk emerged as a primary driver of cyber insurance claims and significant financial losses, according to new data from Resilience, a provider of cyber risk solutions. As businesses become increasingly reliant on interconnected systems and a broad range of software vendors, third-party risks have become a critical yet ... Read the full article

Rankiteo aims to revolutionise cyber insurance with data-driven underwriting

21st February 2025

Rankiteo, a cybersecurity risk management company, aims to revolutionise the cyber insurance industry by introducing a more scientific, data-driven approach to underwriting, leveraging advanced actuarial science, AI-driven risk modelling, and statistical methodologies. Rankiteo is a cybersecurity startup founded by former SwissRe/AXA cybersecurity expert Jeremy Canale in collaboration with Maochao Xu, Director ... Read the full article

Marsh highlights cybersecurity gap between SMEs and large organisations in the EU

21st February 2025

Marsh, a global insurance broker and risk advisor and a business of Marsh McLennan, has released findings revealing that small and medium-sized enterprises (SMEs) in the European Union (EU) are, on average, 15% behind larger organisations when it comes to cybersecurity controls. The report, "Why the Cybersecurity Gap Between SMEs and ... Read the full article

Resilience expands RSA partnership to underwrite US cyber risks via London market

20th February 2025

Cyber risk solutions firm Resilience has announced the expansion of its partnership with RSA to underwrite US based risks through the London market on a surplus lines basis. This initiative complements Resilience’s domestic operations and provides US clients with access to London-based cyber insurance capacity. As part of the arrangement, Resilience has ... Read the full article

CFC launches cyber portfolio quoting service for UK brokers

19th February 2025

CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new service that automates quoting for up to thousands of policies. Initially available for CFC’s cyber products, the service enables UK brokers to generate bulk quotes for their entire book of business in a single, streamlined process. Pat ... Read the full article

Alta Signa appoints Audrey Louche as Cyber Underwriter in France

17th February 2025

Alta Signa, a European boutique managing general agent (MGA), has announced the appointment of Audrey Louche as an Underwriter within its Cyber Division in France. By appointing Louche, a seasoned Cyber Underwriter, Alta Signa further strengthens its capabilities in a market where cyber threats are evolving at an unprecedented pace. Ingo Trede, ... Read the full article

Cyber business interruption demands equal attention as other cyber risks: IUA

12th February 2025

Cyber business interruption (BI) risks should be given the same priority as information technology (IT) security controls and ransomware threats, according to a new report released by the International Underwriting Association (IUA). The report, produced in partnership with Baker Tilly, examines claims data from recent years and finds that while understanding ... Read the full article

Gov supported cyber risk pool would encourage greater adoption: Lockton Re

10th February 2025

Oliver Brew, Cyber Practice Leader, International, at Lockton Re, has emphasised the possibility of a cyber catastrophe in the coming years which could "far exceed the private insurance market," as the reinsurance broker's new report explores options for public-private partnerships to address extreme cyber events. The report, "Cyber risk pools and ... Read the full article

Converge expands cyber insurance capacity through partnership with Obsidian

10th February 2025

Converge Insurance, a company specialising in cyber risk management and underwriting, has secured underwriting capacity from Obsidian Insurance Group, strengthening its ability to provide comprehensive cyber coverage for businesses with up to $1 billion in revenue. Backed by a panel of top-tier reinsurers, this partnership reinforces Converge’s commitment to offering tailored, ... Read the full article

CFC welcomes Wrana to its European corporate cyber team

7th February 2025

Specialist insurance provider CFC has announced the appointment of Dennis Wrana as Corporate Tech & Cyber Underwriting Manager - EMEA Wrana, who has close to a decade of industry experience, will be based in Barcelona and working alongside EMEA team leader, Ilaria Salvato. Prior to joining CFC, the executive spent almost four ... Read the full article

Scott Burns to lead XSB’s new product division for Cyber Liability

4th February 2025

XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has launched a new product division for Cyber Liability, led by Scott Burns as Senior Vice President. In his new role, Burns will be responsible for the Division’s growth strategy, including expanding sales and ongoing collaborations with key carrier and ... Read the full article

MSIG USA names Siobhan O’Brien head of cyber insurance

28th January 2025

MSIG USA, an insurance subsidiary under MSIG Holdings, has announced the appointment of Siobhan O'Brien as head of cyber insurance. With over two decades of experience in cyber insurance and professional liability, O'Brien will lead the expansion of the company's cyber insurance portfolio, developing innovative solutions to address the evolving cyber ... Read the full article

CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment

27th January 2025

CyberCube, a provider of cyber risk analytics, has partnered with Singapore-based Acclaim Insurance Brokers to enhance its cyber risk assessment capabilities. Founded in 1983, Acclaim is an independent risk and insurance brokerage firm committed to efficiently addressing the needs of enterprises. With a strong local presence, an extensive international network, and ... Read the full article

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