Reinsurance News
Cyber risk news
News on cyber risk underwriting in the insurance and reinsurance industry, the launch of new cyber insurance and reinsurance products, cyber risk analytics and more.
Global executives overestimate their cyber resilience: Beazley
26th June 2025
While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it—up from 74% last year—potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley’s latest ... Read the full article
US cyber insurance premiums post first-ever decline in 2024: AM Best
25th June 2025
According to a new market segment report from AM Best, direct premiums written (DPW) for US cyber insurance declined by 2.3% in 2024, dropping to just under $7.1 billion. This marks the first recorded decrease in the segment since the National Association of Insurance Commissioners (NAIC) began collecting data on cyber ... Read the full article
Coalition Re launches Helios platform to improve cyber risk monitoring
24th June 2025
Coalition, known as the first Active Insurance provider focused on digital risk prevention, has introduced Coalition Re’s Helios platform. This new tool allows cedants of Coalition Re to track their cyber risk exposures in real time and manage their portfolios with updated data. Existing cedants can use the platform now at no ... Read the full article
Resilience names Colonel Judson C. Dressler to lead Risk Operations Centre expansion
18th June 2025
Resilience, a provider of cyber risk solutions, has announced that recently retired Colonel Judson C. Dressler will join the company to lead its Risk Operations Centre (ROC). Dressler will be responsible for overseeing the expansion of the ROC—an internal risk intelligence and threat hunting capability designed to identify cyber risks early ... Read the full article
Resilience launches new Cyber Risk Calculator
14th May 2025
Cyber risk solutions company Resilience has launched Cyber Risk Calculator, an AI-powered tool that translates cyber risk into financial terms to provide security and risk practitioners, as well as C-Suite executives, with a common, data-driven language to better understand and quantify their cyber risk. The Cyber Risk Calculator uses industry benchmarks ... Read the full article
Remote access behind 80% of ransomware attacks, At-Bay reports
10th April 2025
At-Bay, a cyber insurance and security firm known for its integrated "InsurSec" approach, has released its 2025 InsurSec Report, revealing significant shifts in the cyber threat landscape. Drawing on data from its own claims portfolio, the report highlights a resurgence in ransomware activity in 2024, with remote access tools—particularly VPNs—serving as ... Read the full article
Closing the cyber protection gap for small businesses: CyberCube
4th April 2025
A growing cyber protection gap is affecting small businesses, requiring a concerted effort from key industry stakeholders, including cyber brokers, underwriters, and reinsurers to help close it, according to a recent report by CyberCube. The report highlights that small businesses with annual revenues between $10 million and $250 million make a ... Read the full article
Travelers reports rise in ransomware activity in Q4’24 Cyber Threat Report
10th March 2025
The Travelers Companies, Inc., a provider of property and casualty insurance, has released its Q4 2024 Cyber Threat Report, revealing a notable surge in ransomware activity. The report, based on data gathered from ransomware leak sites, highlights an increase in the number of organisations targeted by ransomware groups last quarter. These groups ... Read the full article
Converge expands cyber insurance capacity through partnership with Obsidian
10th February 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has secured underwriting capacity from Obsidian Insurance Group, strengthening its ability to provide comprehensive cyber coverage for businesses with up to $1 billion in revenue. Backed by a panel of top-tier reinsurers, this partnership reinforces Converge’s commitment to offering tailored, ... Read the full article
Reinsurers are leaning into the cyber market: JMP
18th December 2024
Analysts at JMP report that reinsurers are increasingly leaning into the cyber market, a move expected to drive better pricing, and terms and conditions for cedants at the January 1 renewals, building on trends observed at recent renewals. This assessment follows JMP's recent meetings with insurers, reinsurers, and brokers in London, ... Read the full article
UK business leaders struggle to recognise cyber risk as a financial threat: Resilience
6th December 2024
IT and financial leaders at the UK’s largest firms have a poor understanding of cyber risk as a financial risk, despite 74% of mid-to-large UK businesses experiencing cybercrime, according to a new survey by cyber risk solutions provider Resilience. The findings reveal a disconnect between what causes the greatest financial losses ... Read the full article
Re/insurers’ operations exposed to cyber threats, says S&P
5th December 2024
According to a new report by S&P Global, insurers and reinsurers are exposed to cyber threats, with the potential for a direct attack to impact their operations, potentially costing a significant portion of their average annual earnings. Re/insurers face various operational cyber risks, including IT system disruptions, outages of third-party IT ... Read the full article
Falcon Risk Services and ArxNimbus collaborate to transform cyber risk quantification
30th October 2024
Falcon Risk Services, a majority-owned MGA under HDI Global Specialty, which is a subsidiary of HDI Global SE, has partnered with ArxNimbus, a company in cybersecurity risk management, to reshape the approach to cyber risk quantification. This collaboration merges Falcon Risk Services' broad insurance expertise with ArxNimbus' advanced actuarial-based cyber risk ... Read the full article
Beazley, Munich Re, and Gallagher Re study reveals cyber market resilience
9th October 2024
Findings from a year-long collaboration between Beazley, Munich Re, and Gallagher Re indicate that the cyber insurance market can withstand a plausible yet remote malware event under current parameters. This information was released in a whitepaper that aimed at building a shared understanding of the potential systemic losses the cyber-insurance industry ... Read the full article
Beazley launches ‘Beazley Quantum’ to enhance cyber offering
8th October 2024
Specialty insurer Beazley has expanded its cyber capabilities with the addition of ‘Beazley Quantum’, a new cyber consortium that provides comprehensive cover for large corporates with up to $100 million limit. According to the announcement, the consortium will offer protection to substantial corporate entities with a turnover in excess of $1 ... Read the full article
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