‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral July 30, 2021 At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new...
Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’ July 30, 2021 The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to...
Chubb CEO Greenberg Stresses Need to Address Ransomware and ‘Systemic’ Cyber Risk July 29, 2021 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the the growing threat of...
CFC Underwriting Names Newman CEO as Walsh Becomes Group CEO July 29, 2021 CFC Underwriting, the London-based specialist managing general agent, announced that Chief Innovation Office Graeme Newman has been appointed as the...
States Weigh Bans on Ransomware Payoffs July 27, 2021 By Jenni Bergal, Stateline As ransomware attacks continue to wreak havoc on police departments, school districts and city and county governments, some state legislators...
As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business July 21, 2021 By Katherine Chiglinsky and Max Reyes The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat...
People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber July 16, 2021 This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of...
Coalition Enters Canadian Excess Cyber Insurance Market July 15, 2021 Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...
Cyber Insurance Industry in Crosshairs of Ransomware Criminals July 7, 2021 By Frank Bajak In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies...