Reinsurance News
CyberCube Analytics
CyberCube secures more funding, adds Board observers
9th March 2020
Cyber risk analytics firm CyberCube has secured additional funding from venture capitalist MTech Capital and individuals from Stone Point Capital. These additional investments bring the cumulative amount raised in CyberCube’s previously announced Series B funding round to $40 million. In connection with this investment, CyberCube is appointing additional observers to its ... Read the full article
CyberCube CEO calls for public-private collaboration on cyber standards
27th January 2020
Pascal Millaire, Chief Executive Officer (CEO) of cyber risk analytics firm CyberCube, has argued that re/insurers must work closely with governments to help enforce minimum security standards as the world continues to grow its cyber vulnerabilities. Speaking alongside the World Economic Forum annual meeting in Davos, Millaire said that the re/insurance ... Read the full article
Hiscox targets systemic cyber risk with CyberCube agreement
13th January 2020
Hiscox has entered into an agreement with cyber risk analytics firm, CyberCube, to leverage CyberCube’s Portfolio Management solution in order to produce better insight into potential systemic cyber risk. The agreement provides Hiscox with access to CyberCube’s technology, which will stress test the specialist re/insurer’s book of global commercial insurance business ... Read the full article
ILS investors sense opportunity in cyber if modelling can improve: CyberCube
6th January 2020
Insurance-linked securities (ILS) investors can sense opportunity in the growing cyber re/insurance market, but analysts at CyberCube believe that modelling capabilities must improve before this valuable source of capacity can be tapped. As part of a new report, CyberCube argued that the financial impact of future global software failure could be ... Read the full article
CyberCube secures $35mn in funding, led by HSCM Bermuda
19th November 2019
Cyber risk analytics firm CyberCube has secured $35 million of additional funding in a series B round led by Hudson Structured Capital Management Ltd. (HSCM Bermuda) and existing investor ForgePoint Capital. As part of the arrangement, Michael Millette, Founder and Managing Partner at HSCM Bermuda, will join CyberCube’s Board of Directors. Launched ... Read the full article
Cyber market not as profitable as it appears: CyberCube CEO
8th November 2019
CyberCube's Pascal Millaire believes we’ve only seen the tip of the iceberg when it comes to cyber catastrophe aggregation in the insurance industry and that, once you start layering on the appropriate loads onto coverages, the market is not as profitable as it appears. “This is a market that’s expected to ... Read the full article
Aon partners with CyberCube to improve risk aggregation management
5th June 2019
Global re/insurance broker Aon has selected CyberCube’s analytics platform to help improve its cyber aggregation risk modelling capabilities and deliver better solutions to its insurance carrier clients. CyberCube’s cyber risk-modeling platform will enable Aon to support its clients on accumulation risk management and exposure management at a time when carriers are ... Read the full article
Munich Re to utilise CyberCube’s risk modelling, analytics platform
27th February 2019
Global reinsurer Munich Re has selected CyberCube’s analytics platform to help quantify, model and control cyber accumulation risk. Munich Re’s Chief Underwriter Stefan Golling states that leveraging the capabilities of CyberCube will help the company’s underwriting and risk modelling teams in better quantifying cyber risk and understanding potential cyber accumulation scenarios. An ... Read the full article
CNA to utilise CyberCube’s risk modelling and analytics platform
7th November 2018
Cyber risk analytics firm CyberCube has announced that CNA, one of the largest U.S commercial property and casualty (P&C) insurance companies, has signed an agreement to use its cyber insurance risk modelling and analytics platform. CyberCube’s platform combines single risk underwriting and aggregation modelling to help insurers measure the financial impact ... Read the full article
Modelling the un-modellable: An interview with CyberCube CEO Pascal Millaire
23rd October 2018
In 1957 while at his home in Richmond, Virginia, a blind seven-year old boy named Joe "Joybubbles" Engressia discovered that by whistling into the phone at a frequency of 2600 Hz he was able to mimic the dial tone used by AT&T to route calls, an exploit that allowed long-distance ... Read the full article
CyberCube adds former Swiss Re CUO Matthias Weber to Board
28th August 2018
Cyber risk analytics firm CyberCube has announced the addition of Matthias Weber, former Group Chief Underwriting Officer (CUO) at Swiss Re, to its Board of Directors. Weber joined Swiss Re in 1992, and worked across a diverse number of roles and markets during his 25-year tenure at the company, including as Head ... Read the full article
CyberCube adds former NSA Director and head of U.S Cyber Command to Board
13th August 2018
Cyber risk analytics firm CyberCube has announced that former Director of the National Security Agency, Commander of the U.S Cyber Command (USCYBERCOM), and Chief of the Central Security Service Michael S. Rogers has joined its Board of Directors. This appointment marks the first private sector position that Rogers has taken since ... Read the full article
JLT Re partners with CyberCube
11th July 2018
Reinsurance broker JLT Re has partnered with cyber risk analytics firm CyberCube in a move it says will “provide new and unique insights to help clients face the challenges of cyber risk.” The combination of JLT Re’s existing cyber and enterprise modelling tools with CyberCube is expected to enhance the reinsurance broker's offerings ... Read the full article
Chubb expands cyber offering, signs up to CyberCube
1st June 2018
Chubb, the world’s largest publicly traded property and casualty insurer, has rolled out comprehensive new protections for its policyholders against cyber-related incidents. Following its agreement with CyberCube, a leading provider of cyber risk analytics for the insurance industry, Chubb is able to leverage the firms’ analytical capabilities to supplement their ability ... Read the full article
Guy Carpenter works with CyberCube on new cyber risk modelling platform
1st May 2018
Guy Carpenter & Company has entered into a formal license agreement with CyberCube Analytics following a two year strategic partnership that delivered the industry’s first cyber risk modelling platform with an inside-out view of cyber exposure. CyberCube, which was formerly part of Symantec Corporation and is backed by investment from Trident ... Read the full article
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