Reinsurance News
cyber security
Intersys launches in India to strengthen brokers cyber portfolio
18th July 2025
Intersys, a cyber security and IT services provider, has launched operations in India, based in Mumbai, to help brokers and insurers grow cyber portfolios by strengthening policyholder resilience. Under the leadership of Tanmay Gore, Director of Intersys India, the Mumbai office is addressing a significant market issue: the challenge for organisations, ... Read the full article
Cyber reinsurance capacity grows by $250m amid 5-15% rate declines in H1’25: Lockton Re
16th July 2025
Lockton Re, a reinsurance broker specialising in cyber risk, has released its update on the cyber reinsurance market for the first half of 2025. Their analysis reveals key trends and movements driven by shifts in pricing, capacity, and underwriting strategies shaping the evolving cyber insurance landscape. Lockton Re reports that the direct ... Read the full article
Insurance Europe calls for streamlining EU cybersecurity regulations
26th June 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, is welcoming the European Commission’s review of the Cybersecurity Act (CSA), a move aimed at simplifying regulations and easing the administrative burden on companies. Launched in April 2025, the CSA review aims to address the fast evolution of technology and ... Read the full article
McGill and Partners introduces cyber insurance specifically designed for Battery Energy Storage Systems
17th June 2025
McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector. With growing digitisation across the energy industry, battery storage systems have become increasingly vulnerable to cyber threats. As these systems become more interconnected and ... Read the full article
US cyber insurance market remains profitable amid slower growth in 2024: Fitch
21st May 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reports that the US cyber insurance market continued to deliver strong underwriting profits in 2024, even as the pace of premium growth began to slow. According to Fitch Ratings, property and casualty insurers saw their third consecutive year of profitable results ... Read the full article
AXA XL partners with cyber security expert Darkweb IQ
6th March 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has partnered with Darkweb IQ to help businesses strengthen their cyber security practices. Darkweb IQ is a cybersecurity firm that specialises in protecting companies from cyber threats such as ransomware, data theft, and third-party risks. By collaborating ... Read the full article
Third-party risk emerges as key driver of cyber insurance claims & losses in 2024: Resilience
28th February 2025
In 2024, third-party risk emerged as a primary driver of cyber insurance claims and significant financial losses, according to new data from Resilience, a provider of cyber risk solutions. As businesses become increasingly reliant on interconnected systems and a broad range of software vendors, third-party risks have become a critical yet ... Read the full article
Rankiteo aims to revolutionise cyber insurance with data-driven underwriting
21st February 2025
Rankiteo, a cybersecurity risk management company, aims to revolutionise the cyber insurance industry by introducing a more scientific, data-driven approach to underwriting, leveraging advanced actuarial science, AI-driven risk modelling, and statistical methodologies. Rankiteo is a cybersecurity startup founded by former SwissRe/AXA cybersecurity expert Jeremy Canale in collaboration with Maochao Xu, Director ... Read the full article
Marsh highlights cybersecurity gap between SMEs and large organisations in the EU
21st February 2025
Marsh, a global insurance broker and risk advisor and a business of Marsh McLennan, has released findings revealing that small and medium-sized enterprises (SMEs) in the European Union (EU) are, on average, 15% behind larger organisations when it comes to cybersecurity controls. The report, "Why the Cybersecurity Gap Between SMEs and ... Read the full article
WTW launches CyCore Asia, a cyber insurance facility for Hong Kong and Singapore
13th January 2025
WTW, an advisory, broking, and solutions company, has introduced CyCore Asia, a new cyber insurance facility tailored for companies in Singapore and Hong Kong. Underwritten by QBE Insurance Group and AXA XL, CyCore Asia provides up to USD 15 million in primary insurance capacity (or the currency equivalent) and is designed ... Read the full article
89% of executives plan to expand cyber insurance for technological vulnerabilities: Chubb
10th January 2025
Cybersecurity and technological disruption are identified as the top threats to business growth, with over 89% of executives planning to expand their cyber insurance coverage to address increasing technological vulnerabilities, according to a report by Chubb. The findings come from a Harris Poll survey of 500 business leaders involved in risk ... Read the full article
Cyber-attacks cost UK businesses £44bn in last five years: Howden
25th November 2024
Half (52%) of UK businesses, representing 1.3 million private sector companies, have endured at least one cyber-attack in the past five years, equating to £44 billion of lost revenue, according to Howden, the international insurance intermediary group. New research published by Howden reveals that businesses with an annual revenue of over ... 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
Cybersecurity and regulation identified as top risks for the TMT sector: WTW
11th October 2024
Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The report highlights growing concerns about the impact of regulations and trade tensions ... Read the full article
Organisations are taking action towards cyber resilience: PwC
7th October 2024
Despite cyber security concerns being top-of-mind and the average data breach exceeding over US$3 million, only 2% of businesses have implemented cyber resilience across their organisation, although cyber budgets are poised to increase, a recent PwC survey has revealed. At the same time, the survey - which surveyed 4,042 business and ... Read the full article
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