Cyber & Technology
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Sompo International names European head of cyber
Sompo International has appointed Jérôme Gossé as head of cyber insurance for continental Europe. Gossé joins Sompo International from Chubb…
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Jump in ransomware attacks could see cyber rates rise
Companies are experiencing a worrisome recent increase in ransomware that could begin to increase the costs of insurance cover, experts…
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Eiopa launches SME cyber survey
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a survey on SMEs’ access to cyber insurance. The authority…
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Trium Cyber opens London office for non-US clients
Trium Cyber has opened a London office to write coverage for clients based outside of the US. Industry veteran Amie…
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Travelers to provide capacity for cyber underwriter Corvus in US
Cyber underwriter Corvus Insurance has expanded its relationship with Travelers in the US. Corvus said that, beginning 1 October 2023,…
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Marsh fears wrangling over cyber war clauses could set precedent for further market dislocation
Marsh wants the insurance market to stop its public wrangling over cyber war clauses and fears that the revamped wordings…
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Cyber, human capital and macroeconomics top risk list for European auditors
Cyber, human capital and macroeconomic uncertainty are the three biggest risks contributing to a polycrisis for businesses in Europe, according…
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TikTok fined €345m for child data GDPR breaches
Social media platform TikTok has been fined €345m for a series of European data protection rule breaches after Europe’s regulators…
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AXA XL appoints global chief cyber underwriting officer for commercial lines
Anthony Dagostino has been appointed to the newly created role of global chief cyber underwriting officer, commercial lines at AXA…
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Mosaic builds specialty team in Canada
Mosaic has built out five specialty lines of business across Canada since opening an office in Toronto, Ontario last July:…
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Trium Cyber appoints head of risk and analytics
Joseph Dumas has been appointed as head of risk and analytics at the US-based services company of Lloyd’s cyber insurance…
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Japanese general insurance industry to grow 2.8% in 2023
An increase in car sales, new infrastructure projects, an increasing demand for policies covering natural catastrophic events, and rising cases…
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Reinsurance capacity for cyber risk held back by ‘all risk aggregate’ products
The finite supply of reinsurance capacity for cyber risk is being driven by cyber insurance products combining distinct first- and…
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US commercial insurance prices rises accelerating again: WTW
Overall US commercial insurance prices increased by 6.1% in the second quarter compared with the same period last year, up…
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Europol reports rapid rise in digital crime
Almost 70% of criminal networks operating in the EU make use of one form of money laundering or another to…
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Connect Underwriting launches separate London-based MGA
Specialist reinsurance MGA and Lloyd's coverholder Connect Underwriting has launched a new London-based MGA, supported by Lloyd’s and London-market capacity.…
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Ferma hopes ongoing dialogue over PPPs will now pay off
Ferma has told Commercial Risk Europe that it has kept dialogue open with all relevant stakeholders on the need for…
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Cyber market showing signs of maturity
Cyber was one of the most difficult areas for risk and insurance managers in the Netherlands and across Europe during…
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Cyber claims becoming more difficult and technical, warn brokers
Cyber insurance claims have become more difficult for buyers, with carriers now asking very detailed questions before paying out, brokers…
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Cybercrime top risks for insurers, says PwC
Cybercrime poses the greatest global threat to insurers over the next two to three years, according to a survey conducted…