Reinsurance News

cyber security

Cyber supply chain risk reveals re/insurance market challenges: SCOR

2nd September 2022

In a recent report, French reinsurance firm SCOR has addressed the potential challenges for the market amidst the growing concern of cyber-attacks on digital supply chains. SCOR states that cyber-attacks have been a growing anxiety over the last 18 months as traditional and IT supply chains are becoming increasingly entangled to ... Read the full article

Cyber insurance study suggests businesses lack ransomware insurance

22nd August 2022

A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands. Only 19% of those surveyed have ransomware coverage limits above $600,000, while 59% hoped the government would cover damages when future attacks are linked to other nation-states. Shishir Singh, Executive Vice ... Read the full article

Cowbell launches its product on Amwins’ Professional Lines portal

3rd August 2022

Cowbell Cyber, a cyber insurance provider for small and medium enterprises (SMEs) has been selected by Amwins, an independent wholesale distributor of specialty insurance and services, as trusted digital partner for cyber insurance. According to the announcement, the partnership delivers on the promise of leveraging technology to automate cyber insurance applications ... Read the full article

BOXX appoints COO and CTO

25th July 2022

Toronto-based cyber insurance specialist BOXX has announced the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney as Chief Technology Officer. Newman will support the development of BOXX's strategic growth agenda leading strategic planning, governance, legal and compliance functions. Newman said: "I am delighted to be ... Read the full article

Probitas commences underwriting cyber

4th July 2022

Probitas 1492, a Lloyd's underwriting syndicate specialising in property, construction and casualty, will now underwrite cyber. Richard Taylor, its Head of Cyber & Technology, is tasked with focusing the business on cyber risks. He said: “We have spent the past couple of months establishing Cyber as a new line ... Read the full article

Kovrr collaborates with Microsoft on internal cyber security data

8th June 2022

Cyber risk modeller Kovrr has announced its selection by Microsoft for Startups – a global program dedicated to accelerating the trajectory of high-potential start-ups to enable growth at scale. By being a program member, this will give Kovrr exclusive access to Microsoft’s technology, as well as its mentorship and business support. In ... Read the full article