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Your search for “cyber”
Aspen Insurance promotes Edward Hart to International Head of Cyber
10th November 2023
Aspen Insurance, a provider of specialty re/insurance products, has announced the appointment of Edward Hart to the role of International Head of Cyber. Hart brings to his new role 10 years of cyber underwriting experience. Based in London, he will be responsible for advancing the International Cyber team, its underwriting strategy ... Read the full article
Arch Australia launches new cyber practice with senior appointment
9th November 2023
Arch Insurance Australia has established a new cyber insurance practice, naming Rachel Green as National Cyber Underwriting Manager for Australia and the Pacific region, effective immediately. According to Arch, the cyber practice will offer excess and primary insurance products spanning cyber, IT liability, and cyber property, "providing comprehensive solutions to brokers ... Read the full article
Stable cyber insurance pricing, rising casualty rates in Europe’s insurance market: Marsh
7th November 2023
In the latest Marsh Global insurance market index report for Europe, property insurance pricing saw a 7% increase, slightly down from the prior quarter's 8%. The rise was attributed to the impact of catastrophic events and secondary perils like floods, storms, wildfires, and hail. Insurers adjusted their exposures, line sizes, and increased ... Read the full article
Trium Cyber names Signorelli Managing Director of International operations
6th November 2023
Lloyd's cyber insurance specialist, Trium Cyber, has appointed Mauro Signorelli as Managing Director of International operations. In his new position, Signorelli will be responsible for leading and growing Trium’s International operations. He will report to Chief Executive Officer Josh Ladeau, and work alongside Amie Watson, Trium’s Chief Underwriting Officer for ... Read the full article
Coalition launches Active Cyber Insurance in Australia
6th November 2023
Coalition has introduced its suite of Active Cyber Insurance products in Australia. This insurance offering is designed to go beyond risk transfer, actively assisting organisations in understanding their cyber risk profiles, enhancing their cybersecurity defenses, and proactively preventing future cyberattacks, the company said. In recent years, Australia has witnessed numerous high-profile cyber ... Read the full article
Many SMEs are being left with a gap in coverage for cyber insurance: Cowbell’s Cooksley
3rd November 2023
With the insurability gap within the small and medium-sized enterprise (SME) market continuing to grow as cyber attacks and the digitisation of work processes increase, one key issue that surrounds this, is that the cyber insurance products offered do not always match up with the financial losses that businesses may ... Read the full article
Ian Summerfield named Pen Underwriting Head of Cyber
1st November 2023
Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has appointed Ian Summerfield as Head of Cyber, effective January 1, 2024. Summerfield was promoted from his current role as Commercial Director of Pen’s Hazardous Goods & Environmental Industries niche within its Specialty division. His new position, will see Ian take on the ... Read the full article
Cyber insurance pricing decreases for first time since 2018: Marsh
1st November 2023
Globally, cyber insurance pricing decreased by 2% in Q3 of 2023, compared to a 1% increase in Q2, marking this as the first quarter to record an average decrease since the second half of 2018, according to insurance broker and risk advisor Marsh, a business of Marsh McLennan. More broadly, Marsh's ... Read the full article
Toa Re Europe licenses CyberCube’s Portfolio Manager platform
1st November 2023
Toa Re Europe has licensed CyberCube's Portfolio Manager platform, in a move that is set to support its cyber book, and play a pivotal role towards achieving best practice risk management solutions. According to the announcement, Toa Re Europe will utilize CyberCube’s Portfolio Manager to enable data-driven risk transfer solutions. The software from ... Read the full article
Trium Cyber appoints John Jankowski as CIO
1st November 2023
Lloyd's cyber insurance specialist, Trium Cyber, has appointed Aspen Insurance's John Jankowski as its Chief Information Officer (CIO). Jankowski has spent much of his career with Aspen, most recently as Head of IT Strategy and IT Change. During his time with the firm, Jankowski has held multiple roles in IT, Program Operations, ... Read the full article
AI presents opportunities and challenges to the cyber insurance space: Cowbell’s Cooksley
31st October 2023
As AI technology continues to make headwinds across the re/insurance sector, Trent Cooksley, co-founder and Chief Operating Officer of Cowbell Cyber, explains that the technology brings both opportunities and challenges to the cyber insurance space. During a recent interview with Reinsurance News, Cooksley stated that challenge-wise, threat actors are increasingly using ... Read the full article
At-Bay launches new MDR cybersecurity solution for SMBs
26th October 2023
At-Bay, the cyber insurance provider, has launched a new Managed Detection and Response (MDR) solution, At-Bay Stance MDR, designed to help emerging and mid-sized businesses advance their security defenses and threat preparedness, in view of the rapid rise of cyber crime rates. By analyzing its claims data from the past two ... Read the full article
Businesses lacking protection & recovery plans against cyber attacks: The Hanover
26th October 2023
Data from a recent cyber resiliency report from The Hanover highlights that 74% of small and mid-sized business decision-makers (defined as C-level executives at businesses with 3-249 employees) are confident in their ability to prevent cyberattacks effectively. Quite an alarming concern however, is that most businesses are said to not have ... Read the full article
Arch expands European footprint with two cyber appointments in France
25th October 2023
Arch Insurance has appointed Sergio Pierro as Senior Cyber Underwriter and Roxanne Deslandes as Cyber Underwriter, effective immediately. According to the firm, Pierro and Deslandes will join Arch Insurance (EU) dac, which provides specialist property and casualty insurance solutions within the European Union. Based in Paris, Pierro’s responsibilities are to establish Arch's ... Read the full article
Marsh to launch global cyber practice to enhance risk management
25th October 2023
Marsh, a global insurance broker and risk advisor, has announced the establishment of a comprehensive Marsh Specialty global cyber practice. This initiative integrates Marsh's extensive cyber capabilities, spanning insurance, risk intelligence, incident management, and cybersecurity on a global scale. The new practice, set to formally commence operations on January 1, 2024, will ... Read the full article
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