Reinsurance News

cyber protection

WTW launches CyProtect Bermuda to fortify enterprises against evolving cyber threats

13th December 2023

Global advisory, broking, and solutions company, WTW has announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks. WTW’s new tool is targeted towards large enterprises operating in the Bermuda market, and it aims to set ... Read the full article

Chubb enhances cyber offering with NetSPI partnership

6th December 2023

Property and casualty insurance company Chubb has announced the launch of its cyber protection partnership with NetSPI, a cybersecurity specialist. NetSPI is an expert in proactive security, aiming to strengthen its clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions. Through this collaboration, Chubb policyholders in the US and ... Read the full article

CFC extends cyber cover for professional services firms

27th November 2023

Specialist insurance provider, CFC, is now offering small and medium-sized enterprises add-on cyber coverage to their packaged insurance policies for professional services businesses. The insurer is offering broad cybercrime coverage, as well as giving SMEs access to proactive cyberattack prevention services and incident response capabilities. “Extending the current cyber add-on with new ... Read the full article

With ransomware attacks on the rise, Towergate Insurance Brokers urges caution

31st July 2023

Towergate Insurance Brokers, a UK-based insurance intermediary, has urged businesses to recheck their cyber insurance to make sure they have adequate coverage as ransomware attacks rise. After global figures dropped in 2022, ransomware attacks have been on the rise since early 2023, which is believed to be linked to Russia's ongoing ... Read the full article

Cyber attack surface widened by new ways of working, says Coalition

6th March 2023

London decoy computers were attacked 91 million times in January, of which 77 million were attempts to hack into remote desktop connections used by employees working out of office, according to new data from cyber insurer Coalition. Computers specially configured to make cyber criminals think they were small businesses operating in ... Read the full article

Hippo’s First Connect insurtech marketplace to offer cyber protection from Blink by Chubb

31st May 2022

First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, has announced a collaboration with Blink, a suite of Chubb-backed consumer insurance products, to make personal cyber insurance protection available to independent agents that participate in First Connect’s insurtech marketplace platform. First Connect – a digital platform designed to provide ... Read the full article