Cyber & Technology
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Marsh launches new cyber risk policy
A cyber risk and data breach insurance policy aimed at mid to large-sized organisations outside the US has been launched…
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Buyer’s market for US commercial insureds will last through 2017
This year will be another commercial insurance buyer’s market in the US, according to the Wells Fargo Insurance Market Outlook…
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Cyber cover improving but more support needed from reinsurance market: AXA
AXA Corporate Solutions believes cyber risk covers are improving, with related contingent-business interruption insurance now available, but stressed that better…
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Ferma to publish cyber recommendations in June
Ferma will publish groundbreaking recommendations for Europe’s risk managers on how to best manage cyber risk at an operational and…
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AMRAE’s Bouquot encourages risk managers to earn respect
AMRAE president Brigitte Bouquot has urged risk managers to take up leading positions as organisations deal with the challenges brought…
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A good year ahead for Asian insurance buyers: Aon
Overall, 2017 should be a positive year for risk managers and insurance buyers, thanks to abundant capacity and decreasing rates,…
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Ransomware attacks forecast to double in 2017: Beazley
Data breaches handled by Beazley’s specialist response team increased by 56% last year to almost 2,000 and ransomware attacks were…
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Aon launches captive model for cyber risks
Aon has launched a new captive solution for firms looking to transfer cyber risks with capacity of up to $400m.…
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Beazley appoints data breach underwriter
Beazley has appointed Monica Tigleanu as underwriter of data breach and information security risks for US firms. Based in London,…
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Business interruption tops Allianz risk poll in Asia
The threat of business interruption is the main concern for Asian businesses according to a global survey of more than…
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RSA hit with £150k fine over data loss
The Information Commissioner’s Office (ICO) has fined Royal & Sun Alliance PLC £150,000 after it lost the personal information of…
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Pioneer Underwriters forms US technology and cyber division
Pioneer Underwriters has formed a miscellaneous, technology and cyber liability unit following the appointment of David Lucey as vice-president to…
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Fraud and cyber attacks at all-time high: Kroll survey
Some 85% of global companies polled for Kroll’s annual Global Fraud and Risk Report incurred a cyber incident during the…
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Risk managers urged to prepare for new data protection laws
Risk managers across Europe are being advised to start planning now for tougher EU data protection laws that come into…
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Endurance Specialty launches cyber extortion advice team
A service that helps its insureds respond to ransomware and similar extortion events has been launched by Bermuda-based Endurance Specialty…
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M&A talks turn to cyber weak spots
Cyber security will become central in due diligence negotiations for new merger and acquisition deals this year following the fallout…
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Russia blamed for cyberwar on Ukraine
Ukrainian experts have determined that a cyber attack by hackers was responsible for a power cut that blew out the…
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Corporate roundup
XL Catlin adds to cyber cover in Europe and Chubb names new life science manager.
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Buyers warned to expect exclusions for cyber as regulatory pressure grows
Last month’s move by the UK’s regulator to force insurers to get a grip on their cyber exposures is likely…
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Yahoo suffers largest ever cyber data breach
Yahoo has been hit by the biggest cyber data breach in history with the details of over 1 billion account…
