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Lockton Re hires Theo Norris as UK Capital Markets Structuring & Cyber ILS Leader

24th January 2025

Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Theo Norris to Lockton Re Capital Markets as the UK Capital Markets Structuring and Cyber Insurance-Linked Securities (ILS) Leader, based in London. In the role, Norris will work closely with Lockton Re’s global broking and cyber teams. Most recently, he ... Read the full article

DUAL Europe launches Cyber Active Protect solution

22nd January 2025

DUAL Europe has launched DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with cyber prevention services. DUAL’s product will reportedly offer cutting-edge identity security, powered by Silverfort, and a highly effective All-in-One Cybersecurity Platform, powered by Cynet, ensuring robust cyber defence alongside insurance coverage. "By offering advanced cybersecurity ... Read the full article

Zurich names Burford as Global Head of Financial Lines, Cyber, & Credit Lines Claims

21st January 2025

Zurich Insurance has announced the appointment of Debra Burford as Global Head of Financial Lines, Cyber, and Credit Lines Claims. In her new role, Burford will join the Global Large & Complex Claims team, focusing on driving excellence in Financial Lines Claims worldwide. She will collaborate with Claims and Underwriting teams ... Read the full article

Cyber attacks considered top business concern for 2025: Allianz

15th January 2025

Cyber incidents are considered the top risk for companies globally in 2025, according to the Allianz Risk Barometer. Business interruption is also a main concern for companies of all sizes, remaining in second place, with natural catastrophes ranking third. Geopolitical turmoil, impact of government and regulatory change, and fear of trade wars ... Read the full article

CyberCube predicts AI will amplify cyber attacks in 2025

15th January 2025

CyberCube, a provider of cyber risk analytics for the insurance sector, has released its 2025 Predictions Report, which suggests that artificial intelligence (AI) agents will give cybercriminals greater leverage to scale widespread attacks. The report highlights key trends and challenges shaping the cyber sector in the year ahead. Yvette Essen, Head ... Read the full article

LMA introduces framework to help Lloyd’s insurers manage lesser-known cyber risks

14th January 2025

In its new report, the Lloyd’s Market Association (LMA) presents a framework to help Lloyd’s insurers manage exposure to lesser-known systemic cyber risks. Chris Mather, Senior Executive, Technical Underwriting at the LMA, explains that the framework assesses the aggregation potential in "other cyber" scenarios. While systemic risks like the failure of a ... Read the full article

WTW launches CyCore Asia, a cyber insurance facility for Hong Kong and Singapore

13th January 2025

WTW, an advisory, broking, and solutions company, has introduced CyCore Asia, a new cyber insurance facility tailored for companies in Singapore and Hong Kong. Underwritten by QBE Insurance Group and AXA XL, CyCore Asia provides up to USD 15 million in primary insurance capacity (or the currency equivalent) and is designed ... Read the full article

89% of executives plan to expand cyber insurance for technological vulnerabilities: Chubb

10th January 2025

Cybersecurity and technological disruption are identified as the top threats to business growth, with over 89% of executives planning to expand their cyber insurance coverage to address increasing technological vulnerabilities, according to a report by Chubb. The findings come from a Harris Poll survey of 500 business leaders involved in risk ... Read the full article

Canopius appoints Laura Burke as US Head of Cyber and Technology

9th January 2025

Canopius, a global specialty insurer and reinsurer, has announced the appointment of Laura Burke as US Head of Cyber and Technology. Burke’s appointment reflects the company’s focus on expanding its presence in the US cyber insurance market and its commitment to offering innovative and reliable solutions that help businesses navigate evolving ... Read the full article

Old Republic forms new cyber and technology insurance company

9th January 2025

Old Republic International Corporation has announced the formation of a new underwriting subsidiary, Old Republic Cyber, Inc., which will offer cyber and technology errors and omissions (E&O) insurance products. The new company will be led by CJ Pruzinsky as President and Kevin McGowan as Executive Vice President and Chief Underwriting Officer. ... Read the full article

Robert Malone named Head of AXA XL’s Large Accounts & Portfolio Management for Cyber, Americas

7th January 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Robert Malone as Head of Large Accounts and Portfolio Management of its Cyber Insurance team in the Americas. Based in New York, Malone reports to Michelle Chia, Chief Underwriting Officer for Cyber, Select and ... Read the full article

Efficient reinsurance structures key for 1.1 cyber renewals: Gallagher Re

6th January 2025

As per Gallagher Re's 1st View report, the cyber renewals at 1.1 2025 focused on securing the most efficient reinsurance structures amid "extremely healthy" levels of capacity from reinsurers and an improved understanding of tail risk from buyers. The cyber section of the reinsurance broker's report highlighted heightened competition for both ... Read the full article

Cyber reinsurance market increasingly mature and efficient: Howden

3rd January 2025

The 1 January 2025 cyber reinsurance renewals progressed smoothly, with some notable price moderation, the entry of new reinsurers, and a growing focus on non-proportional products, reflecting an increasingly mature and efficient market, according to Howden's 1.1 renewal report. Reinsurance buyers benefited from favourable supply and demand conditions in 2024, driven ... Read the full article

Amwins 2025 Outlook: Cyber insurance pricing set to decline by 5% as competition intensifies

27th December 2024

Amwins, a distributor of specialty insurance solutions, has published its 2025 Outlook: State of the Market Report, providing valuable insights into the shifting dynamics of the cyber insurance landscape. The cyber insurance market is facing increasing competition and shifting risk profiles, as highlighted in Amwins’ report. Pricing trends show a notable change, ... Read the full article

Alta Signa Europe promotes Vasileios Stasa to Junior Underwriter in Cyber division

24th December 2024

Alta Signa Europe B.V., a European boutique Managing General Agent (MGA), has recently announced the promotion of Vasileios Stasa to Junior Underwriter within its Cyber division, effective immediately. Vasileios joined Alta Signa in May 2024 as an Underwriting Analyst, following the completion of his Master of Business Administration (MBA) in Banking, ... Read the full article

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