Reinsurance News
Cyber insurance & reinsurance news
Cyber insurance and reinsurance news, covering the growth of cyber reinsurance underwriting, the risks faced by cyber risk insurer’s, major cyber loss events, cyber reinsurance product development and cyber risk innovation trends.
Cyber risk is an emerging and fast-growing class of insurance and reinsurance business, so our cyber reinsurance news follows industry trends and reports on innovations, industry cyber risk capacity issues, as well as what is happening in the cyber underwriting market.
Tokio Marine Kiln appoints Lucy Fraser as Cyber Risk Analyst
24th July 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Lucy Fraser as Cyber Risk Analyst. The appointment supports TMK’s continued expansion of its cyber risk offerings at a critical time, following a series of high-profile attacks—particularly against the retail sector, including the April 2025 attack on ... Read the full article
Lloyd’s Asia unveils new cyber capacity pooling arrangement
23rd July 2025
Lloyd’s Asia has announced the launch of a new cyber capacity pooling arrangement, the “Lloyd’s XOL Cyber Insurance Facility,” developed in collaboration with Antares, Munich Re Specialty – Global Markets, Syndicate Asia, Newline, and Tokio Marine Kiln. This new solution offers robust protection against cyber threats and greater flexibility to address ... Read the full article
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
Resilience, CrowdStrike & AWS partnership aims to reduce enterprise cyber risk
16th July 2025
Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customers can now leverage the Resilience Threatonomics Platform to transform security insights into financial risk mitigation strategies, potentially ... Read the full article
Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re
15th July 2025
Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms have published key findings from a study on severe cyber accumulation events and ... Read the full article
CyberCube identifies sectors most at risk from Scattered Spider attacks
8th July 2025
CyberCube, a provider of cyber risk analytics, has identified Manufacturing, Education, IT, and Retail as the sectors most at risk of attacks from the threat actor group Scattered Spider — the group behind several recent high-profile cyber incidents, including the attack on large UK retailer Marks & Spencer (M&S). Scattered Spider ... Read the full article
Marsh launches cyber insurance facility for mid-sized organisations
26th June 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched Cyber Unity, a new insurance facility for organisations with revenues up to €500 million across the European Union, as well as Israel, Norway, Serbia, and Turkey. In a recent report, Marsh highlighted the urgent need for innovative solutions to ... Read the full article
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
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
Berkley Cyber Risk Solutions launches new incident responder coverage
25th June 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vacations, child or elder care, and corporate safety costs incurred by incident response teams on the front lines of ... Read the full article
Cyber reputation risk events can reduce shareholder value by 27%: Aon
17th June 2025
Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon's 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most likely to evolve into reputation risk events and which are most damaging when ... Read the full article
Cyberwrite and Markel Insurance expand partnership to advance cyber underwriting
4th June 2025
Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Markel Europe has been leveraging Cyberwrite’s AI-driven technology to help underwriters assess and model exposures more effectively, and to communicate ... Read the full article
British businesses increasingly adopting AI despite rise in cybersecurity risks: QBE
2nd June 2025
Most UK businesses are rapidly embracing Artificial Intelligence (AI), with 95% already using or looking into it, despite an increase in cyberthreats, with 80% of businesses in the country believing cyber risks are on the rise and over half (53%) having experience a cyber attack in the past year, QBE’s ... Read the full article
SFMI selects Cyberwrite to strengthen its cyber insurance capabilities
28th May 2025
Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe modelling, AI-driven real-time underwriting analytics, and broker enablement. The collaboration will reportedly focus on strengthening SFMI’s ability to assess the ... Read the full article
M&S estimates £300m hit to operating profit from recent cyberattack
21st May 2025
Large British retailer Marks & Spencer (M&S) has disclosed that the recent cyber attack is estimated to impact Group operating profit by approximately £300 million for 2025/26. As a reminder, on 22 April 2025, M&S announced it was responding to a cyber incident that had disrupted its operations. The attack is ... Read the full article
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