Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium February 15, 2023 Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber...
Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B February 14, 2023 Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks February 13, 2023 Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance February 7, 2023 BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led...
Coalition Launches Full-Stack Cyber Insurer for SMBs January 31, 2023 Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....
Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day January 19, 2023 Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
Cyber Insurance Themes to Look Out for in 2023 January 3, 2023 By Oliver Brew, Lockton Re As the Roman God Janus (for which of course the month January takes its name) reflects both looking backwards and...
Judge Permits Claim for Business Lost While Helping Clients Recover From Data Breach December 28, 2022 A federal judge has dismissed a complaint leveled against an insurer alleging bad faith in the handling of a data...