Reinsurance News
cyber protection
BreachRx launches cyber incident response management warranty with $3m in coverage
12th March 2026
BreachRx has announced the launch of BreachRx CIRM Warranty, an industry-first cyber incident response management warranty offering up to $3 million in executive and corporate cyber incident liability protection backed by a global insurer. BreachRx is the first platform built to run cyber incident response as a governed, enterprise‑wide business process. The ... Read the full article
Cyber insurance rates decline despite surge in claims: Lockton
12th February 2026
Cyber insurance premiums have fallen despite an increase in cyber incidents and rising claims, marking a “rare divergence between underlying risk and insurance pricing,” according to a recent report from insurance broking group Lockton. During the 12 months ending August, organisations experienced a 129% increase in ‘nationally significant’ cyber security incidents, ... Read the full article
M&A activity could reduce cyber market capacity: Marsh’s Konyar
28th November 2025
Recent mergers and acquisitions (M&A) among major re/insurers are creating “seeds of concern” for the cyber insurance market, with experts warning that capacity consolidation could eventually reduce market availability. Gamze Konyar, Head of Cyber, Marsh Europe, has highlighted that while the current market remains soft, the long-term implications of re/insurer consolidation ... Read the full article
Ransomware attacks to surge 40% by 2026 amid AI and cloud vulnerabilities: QBE
7th October 2025
Ransomware attacks are predicted to escalate in the coming years, with the number of publicly named victims expected to rise by 40% by the end of 2026, a new QBE report warns. The report, titled Cloud cover: forecasting digital disruption in a cybercrime climate, and compiled by Control Risk, forecasts a ... Read the full article
Cyber incident response planning a key control in reducing cyber risk: Marsh
28th August 2025
Cyber incident response planning has emerged as a key cybersecurity control in reducing the likelihood of a breach-related claim, according to a new report from the Cyber Risk Intelligence Center (CRIC) of Marsh McLennan. The report found that organisations that regularly engage in tabletop exercises and scenario-based breach response drills are ... Read the full article
K2 Cyber enhances offerings with TransUnion partnership
17th April 2025
K2 Cyber, a K2 Insurance Services brand, has partnered with TransUnion, a global information and insights company, for Commercial Cyber Services and Cyber Claims Management. Through this collaboration, K2 Cyber policyholders will have access to TransUnion’s TruEmpower™ CyberScout solution. This comprehensive service is designed to help companies address and mitigate cyber ... Read the full article
Willis expands CyXS cyber facility
4th April 2025
WTW's Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd's syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd's marketplace. The Willis CyXS facility now includes the new CyXS Plus and CyXS Company offerings, each offering a further USD/GBP/EUR40m of capacity. CyXS Company facilitates the ... Read the full article
Liberty Specialty Markets and Baobab Insurance launch E-Crime insurance for SMEs
17th March 2025
Liberty Specialty Markets (LSM), a division of Liberty Mutual Group, and Baobab Insurance, a digital technical risk underwriter, have partnered to introduce a new e-crime insurance product designed specifically for small and medium-sized enterprises (SMEs). Under the collaboration, LSM will provide capacity for the new product, while Baobab will handle operational ... Read the full article
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
UK midsize firms wary of cyber insurance: Coalition
26th June 2024
A study by Coalition, a cyber insurance provider, reveals that many IT security leaders in midsize UK businesses are wary of cyber insurance, with only one in five (19%) respondents reporting a positive experience with it. The survey, conducted earlier this year with 500 senior cybersecurity professionals from mid-sized UK firms, ... Read the full article
Trium Cyber partners with AttackIQ for enhanced cybersecurity
20th June 2024
Trium Cyber, the Lloyd's of London cyber insurance specialist, has partnered with AttackIQ to provide its policyholders with AttackIQ Flex, aiming to enhance cybersecurity and reduce risk. AttackIQ Flex is an on-demand testing service that allows organisations to quickly simulate cyberattacks through a user-friendly interface. It utilises AttackIQ’s advanced emulation software ... Read the full article
CFC enhances fintech insurance coverage
12th June 2024
CFC, an insurance provider known for emerging risks in the cyber insurance market, has announced a significant update to its fintech insurance coverage. This revamped offering, available in the UK, Canada, and Australia, provides a streamlined, comprehensive solution that addresses both professional service and technology risks faced by today's fintech sector. “It’s ... Read the full article
Melissa Carmichael assumes leadership as Beazley’s Head of US Cyber
16th May 2024
Following Patricia Kocsondy's move to Beazley's Head of Global Cyber Digital Risks in January, Melissa Carmichael steps into the role of leading Beazley's US Cyber division. Beazley has announced today the appointment of Carmichael as the new Head of US Cyber, effective immediately. Carmichael, based in New York, will report directly ... Read the full article
Blink Parametric and Buckler México partner for rollout of cyber solution to Ethics Data Analytics
1st March 2024
Insurtech Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics - a leader in risk management solutions in the region - to combat identity theft. Now available within the Ethics Cyber Security portfolio, Blink’s cyber solution is ... Read the full article
Lloyd’s of London investment in Axio to support company growth and benefit the market
8th February 2024
Re/insurance marketplace Lloyd’s of London has announced investment in Axio to support further development of insurance solutions within the London insurance market. According to the announcement, the investment is a direct result from Axio’s selection into, and participation in Lloyds’s Lab Cohort 10, where it successfully piloted an extension of the ... Read the full article
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