Cyber & Technology
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Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
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Microsoft says Russia has increased cyberattacks on Ukraine’s allies
Microsoft has detected Russian cyberattacks on 182 organisations and businesses in 42 countries supporting Ukraine since war broke out, as…
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Work needed on LMA cyberwar exclusions to address buyer concerns
Buyers, brokers and insurers need to have open and frank discussions about the Lloyd Market Association’s (LMA) cyberwar clauses, which…
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Eiopa demands improved communication and clarity on wordings and exclusions
The European Insurance and Occupational Pensions Authority (Eiopa) has published two consultation papers that seek to address confusion and uncertainty…
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Ukraine conflict means global programme restructuring
The war in Ukraine and the associated sanctions on Russia are causing companies to rethink and restructure their global insurance…
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US cyber liability hard market here to stay as claims keep rising, says Best
The hard US cyber liability market is here to stay, according to AM Best, with claims increasing and loss ratios…
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QBE enhances cyber risk underwriting and client offering in CyberCube deal
QBE Insurance has agreed a deal to use several cyber models and services from CyberCube to enhance its underwriting and…
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Thawing permafrost and construction high on Swiss Re’s emerging risk radar
Thawing permafrost and quantum computing lead Swiss Re’s global scan of emerging risks facing companies and their insurers in its…
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UK market hardening losing steam amid signs of plateau
Brokers, risk managers and insurers agree that the UK commercial market is looking better for buyers, with signs of softening…
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Beazley launches D&O policy for crypto firms
Beazley has introduced a D&O liability insurance policy called CryptoGuard that is tailored specifically for crypto companies. The policy offers…
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Worst may be over for tough cyber reinsurance market
The cyber liability reinsurance market remains restricted but more capacity is expected to enter the sector, albeit slowly and cautiously,…
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Rising inflation could push up premiums to cover increased claims costs: Gallagher
Rising inflation, if unabated, will push up loss costs and ultimately have to be passed on through premium increases, Arthur…
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US commercial insurance price increases down a touch at 6% in Q1
US commercial insurance prices increased by 6% overall in the first quarter, about one point lower than the aggregate increase…
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Pool Re explores widening remit to range of systemic BI risks
UK terrorism reinsurer Pool Re is going to explore potential public-private solutions for systemic business interruption (BI) risks that could…
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UK data protection overhaul runs risk of more red tape
Proposed reform of the UK’s data protection laws could create more, not less, red tape for UK companies and complicate…
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Cyber remains number one risk for Airmic members
Supply chain and geopolitical risk have unsurprisingly shot up the risk management agenda in 2022, but cyber remains the number…
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Marsh expects ‘some flattening’ in UK cyber market this quarter but limited capacity
Some flattening of pricing in the UK cyber insurance market is expected in the third quarter but underwriters are expected…
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AXIS Capital to focus on specialty as it exits property reinsurance
AXIS Capital is to focus on specialty underwriting with a series of moves including exiting property reinsurance, shifting AXIS Re…
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Spots of softening in UK market set to tilt further in buyers’ favour, says Marsh
The UK commercial insurance market is getting easier for buyers with some price reductions now available and insurers struggling to…
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Law firms and supply chains carry increased risk of cyberattack, says SecurityHQ
Law firms carry an “elevated risk” of cyber threats, according to managed service security provider SecurityHQ, after a recent industry…
