Reinsurance News

Cyber insurance & reinsurance news

Cyber insurance and reinsurance news, covering the growth of cyber reinsurance underwriting, the risks faced, major loss events and cyber reinsurance product development trends.

Cyber risk is an emerging and fast-growing class of insurance and reinsurance business, so our cyber insurance news follows industry trends and reports on what is happening in the cyber underwriting market.

DeNexus to partner with NAES Corporation

21st April 2023

NAES Corporation, a provider of operations, maintenance for power generation services companies, has partnered with cyber risk modeller DeNexus, to understand, quantify, plan and mitigate risk of cyber events to critical infrastructure. Through this collaboration, NAES - a company dedicated to optimising the performance of energy facilities across the power generation, ... Read the full article

At-Bay appoints Ari Fischel as Chief Financial Officer

20th April 2023

Cyber insurance provider At-Bay has announced that it has appointed Ari Fischel as its Chief Financial Officer (CFO). An experienced industry veteran, Fischel brings more than 20 years of financial and operational expertise towards At-Bay's executive team. At-Bay also confirmed that Fischel will join the board of At-Bay’s Specialty Insurance Company, Read the full article

Intangic MGA appoints Debbie Durkan as Commercial Director

20th April 2023

Newly launched cyber underwriter Intangic MGA has named Debbie Durkan as Commercial Director to drive growth and distribution. Durkan holds more than two and half decades of industry experience, having most recently served at Marsh, where she was Chief Client Officer for the UK Commercial group. She has also operated as ... Read the full article

Fenix24 appoints Marko Polunic EU managing director

13th April 2023

Cyber disaster recovery firm Fenix24, and sister company of Conversant Group, has announced the appointment of Marko Polunic as managing director for EU operations. Based in Munich, Polunic will spearhead efforts to expand Fenix24's offering into the EU and globally by fostering relationships with ecosystem partners - such as law firms, ... Read the full article

Trium Cyber launches excess program in collaboration with Origami Risk

13th April 2023

Trium Cyber, a Lloyd’s services company providing cyber insurance, risk management, and claims adjudication services, has launched an excess cyber program powered by Origami Risk’s multi-tenant SaaS P&C insurance core solution suite. Through this collaboration, the firms aim to speed first phase of tech implementation in three months; primary cyber underwriting, ... Read the full article

Corvus and Core Specialty team up on Cyber and Tech E&O product

13th April 2023

Cyber underwriter Corvus has announced the launch of a new program with Core Specialty to support the expansion of the Excess Tech E&O and Cyber product with additional capacity. This program is Core Specialty’s first offering in the Cyber and Tech E&O market and also marks a step for Corvus in ... Read the full article

Coalition launches generative AI for brokers and businesses

11th April 2023

CoalitionAI™, a new initiative to deploy generative AI and large language models to help brokers and businesses protect themselves from cyber risk, has been launched by Coalition. The new features released today use a combination of proprietary technology, large language modeling, and generative pre-trained transformers. The insurer plans to introduce additional AI ... Read the full article

Astaara increases underwriting capacity, boosts cyber insurance limit to $25mn

6th April 2023

Guernsey-based integrated insurance services and risk management advisory business, Astaara has increased its underwriting capacity and insurance limit from $12.5 million in 2020, to $25 million. Launched in 2020, Astaara's cyber insurance covers ports and terminals, as well as ships, shipowners and ship managers. The insurance is led by A-rated cyber ... Read the full article

ISS ESG announces launch of US Cyber Risk Index

31st March 2023

ISS ESG, the sustainable investment arm of Institutional Shareholder Services Inc. (ISS), has announced the launch of its US Cyber Risk Index, which supports investors by seeking to identify and track companies with low or negligible expected relative exposure to cyber breaches, based on the ISS ESG Cyber Risk Score, ... Read the full article

Jennifer Wilson to lead Newfront’s Cyber practice

30th March 2023

Newfront, the tech-driven insurance brokerage firm, has announced the appointment of Jennifer Wilson as the new Head of Cyber. In her new Boston-based role, Wilson will lead cyber coverage negotiation and claims advocacy at Newfront. She will report to Deirdre Finn, Head of Executive Risk. She is joined by Michele Lepper, Jennifer ... Read the full article

BMS appoints Monica Tigleanu as divisional director for cyber strategy

29th March 2023

Specialist re/insurance broker BMS has appointed Monica Tigleanu as divisional director, cyber strategy. In the new role, Tigleanu is entrusted with future-proofing BMS' cyber strategy by developing innovative products tailored to the evolving cyber risk landscape. The firm states that she will leverage her global network to bring new capacity from various ... Read the full article

Florence Levy joins INSUREtrust as Executive VP

28th March 2023

INSUREtrust, a cyber insurance and risk management broker within Starwind Specialty, has appointed Florence Levy as Executive Vice President. In the new role, Levy is tasked with expanding the firm's enterprise and Fortune 500 cyber client focus while also overseeing the continued development of INSUREtrust’s Cyber Secure Platform (CSP). She will also ... Read the full article

Chat GPT & AI a growing concern for cyber insurance: Corvus’ Hedberg

24th March 2023

With the capabilities of Chat GPT and artificial intelligence (AI) continuing to advance, this technology is only going to get smarter and potentially more difficult to control as it can be used to facilitate security breaches and increase the scale of cyber-attacks, states Peter Hedberg, Vice President of Cyber Underwriting ... Read the full article

Cyber market cooling as more solutions needed for systemic risks: AM Best

24th March 2023

The hot cyber market is starting to cool due to a slower pace of rate increases and cutbacks in capacity. At the same time, as the market evolves, more solutions are needed to address the systemic risk it possesses, according to a recent report by AM Best. The COVID-19 pandemic shifted ... Read the full article

Great American promotes Shepherd to Divisional President, Cyber Risk

23rd March 2023

Great American Insurance Group has promoted Elizabeth M. Shepherd to Divisional President, Cyber Risk. Shepherd joined Great American in 2018 as a Divisional Senior Vice President, where she played a key role in consolidating the company’s cyber risk products and programs. Within the role, she oversees the firm’s cyber initiatives and existing ... Read the full article