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WTW, Kayna, and Vibrant partner for vendor cybersecurity insurance

20th November 2024

Global broker WTW has announced a partnership with Kayna, an embedded insurance infrastructure platform, and Vibrant to support third-party vendor cybersecurity insurance compliance. US-based vertical SaaS platform Vibrant manages third-party vendor cybersecurity oversight by tracking vendor insurance coverage directly with coverage information from carriers. Its innovative platform enables organisations with extensive vendor ... Read the full article

Aon unveils new application to drive tech-driven cyber risk management

18th November 2024

Global professional services firm Aon has launched its Cyber Risk Analyzer, a digital application allowing risk managers to make technology-enabled decisions to mitigate cyber risk. According to the firm, the Cyber Risk Analyzer provides clients and brokers with unique capabilities such as loss forecasting, exposure assessment, and total cost of risk ... Read the full article

Aon adds Brian Gillin to its Cyber Reinsurance Solutions team

18th November 2024

Global insurance and reinsurance broker Aon has announced the appointment of Brian Gillin to its Cyber Reinsurance Solutions team as Managing Director - Cyber, Reinsurance, a New York based role. Gillin brings to his new role extensive experience in the cyber insurance industry. He has been part of Aon for over ... Read the full article

WTW names Hart as Cyber Leader for PE&TS, CRB NA

18th November 2024

Global advisory, broking, and solutions company WTW has appointed Ashley Hart as Cyber Leader for Private Equity and Transactional Solutions (PE&TS), Corporate Risk and Broking, North America (CRB NA). As the Cyber Leader, Hart will be responsible for cutting-edge cyber risk transfer solutions to private equity clients and their portfolio companies ... Read the full article

AdvantageGo announces strategic alliance with CyberCube

18th November 2024

AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and analytics that drive underwriting insight. This partnership integrates CyberCube's analytics into AdvantageGo's Underwriting Workbench, offering a holistic ... Read the full article

Cyber insurance growth slows, yet new opportunities emerge: Swiss Re

18th November 2024

Although the rapid growth of the cyber insurance market may be slowing, it continues to present a compelling growth opportunity, but looking ahead, this will be fueled by different drivers and regional variations, with small and medium-sized enterprises (SMEs) having the largest potential to address the existing cyber protection gap, ... Read the full article

Lockton Re appoints Guy Carpenter’s Jemima Hopper as Cyber Reinsurance Broker

12th November 2024

Lockton Re, the reinsurance arm of the independent insurance broker, has announced the appointment of Jemima Hopper as a Broker in its Cyber Practice. Hopper, who is ACII qualified, brings valuable expertise in cyber reinsurance broking, along with experience in Treaty, MGA, and Retro Markets. She joins Lockton Re from Guy Carpenter, ... Read the full article

Helvetia partners with coinnect to launch Cyber Insurtech platform for enhanced risk management

11th November 2024

Helvetia, a Swiss insurance provider, has partnered with Coinnect, a cyber risk management platform, to implement advanced Cyber Insurtech solutions that enhance cyber risk assessment and support clients in mitigating cybersecurity threats. Through Coinnect's AI-powered platform, Helvetia can provide in-depth risk evaluation and continuous threat monitoring, offering greater protection and favourable ... Read the full article

AXA XL launches cyber endorsement for contractors in the US

8th November 2024

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has created a new tailored cyber insurance endorsement for construction companies in the United States, designed to enhance their protection against cyber threats. Michelle Chia, Chief Underwriting Officer, Cyber in the Americas, stated: "Every industry has ... Read the full article

Trium Cyber leverages CyberCube’s Portfolio Manager to boost market growth

8th November 2024

Trium Cyber, the authorised service company for Syndicate 1322 at Lloyd’s, is leveraging CyberCube’s cyber risk analytics platform, Portfolio Manager, along with its accompanying CyberConnect API product, to support market growth. Readers will recall that in 2023 Trium launched as the first ever Lloyds-approved mono-line Cyber syndicate, providing coverage to ... Read the full article

Zywave adds benchmarking to Cyber Quoting for enhanced coverage insights

8th November 2024

Insurtech provider Zywave has announced the addition of embedded benchmarking to its Cyber Quoting solution, enabling brokers to access industry data and loss information from similar organisations, providing their clients with enhanced insights into coverage limit adequacy and potential loss gaps. Launched in April 2024, Cyber Quoting is a centralised platform ... Read the full article

Lloyd’s & ABI launch guide to help re/Insurers define major cyber events

7th November 2024

Recognising cyber as one of the most significant systemic and emerging risks, Lloyd’s and the Association of British Insurers (ABI) have jointly published a guide to help re/insurers define major events and identify key factors to consider. According to Lloyd's and the ABI, the dynamic nature of cyber threats necessitates ongoing ... Read the full article

CFC expands corporate cyber offering in Europe with new team and key appointment

7th November 2024

CFC, an insurance provider with expertise in cyber risk, has announced that it is expanding its corporate cyber offering by launching a team dedicated to supporting brokers across Europe. With established offices in Brussels and Madrid and plans to open more locations by year-end, has appointed Ilaria Silvato as Corporate Cyber ... Read the full article

Parametrix launches new cyber insurance solution for digital interruption

7th November 2024

Parametrix has launched "Parametrix Enterprise Solutions", a new type of parametric cyber insurance that covers the costs associated with digital interruptions. Parametrix, a specialist in parametric cloud downtime cyber insurance and reinsurance protection, explained that its new enterprise coverage, underwritten by syndicates at Lloyd’s of London, features "clear and flexible" parametric ... Read the full article

Berkshire (BHSI) welcomes Viele and Majerna to Cyber team in Italy

6th November 2024

Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Vincenza Viele as Head of Claims, and Alessandro Majerna as Head of PI and Cyber for Executive & Professional Lines, in Italy. With over 24 years of loss adjusting and claims management experience, Viele is joining BHSI Milan office following her ... Read the full article