Cyber & Technology
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March 27, 2024
New insurance facility for custodians of digital assets
A new insurance facility for custodians of digital assets, including financial institutions has been launched by Marsh. The broker said…
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March 27, 2024
Hannover Re combines cyber and digital in new specialty unit
Hannover Re will combine its global cyber and digital business in a move that it said will further strengthen its…
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March 27, 2024
Coalition adds AI affirmative endorsement
Cyber managing general agent Coalition has added an artificial intelligence affirmative endorsement to clarify what is covered by its US…
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March 26, 2024
UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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March 26, 2024
Marsh launches Bermuda-based cyber-only group captive
Marsh has launched a cyber-only group captive insurance company in Bermuda. Edgware Re is a group captive for organisations seeking…
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March 25, 2024
Best says cyber market to remain soft but could turn rapidly on major incident
Softer rates for cyber insurance “could turn quickly” on the back of one major incident, according to AM Best senior…
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March 22, 2024
London market seeing more benign conditions but uncertainty remains
Improved results by many insurers in the London insurance market have supported a transition towards more benign market conditions, characterised…
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March 22, 2024
White House acts to tackle cyber threat to water system
The US state is stepping up efforts to upgrade the nation’s defences against foreign state-backed cyberattacks on its water and…
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March 21, 2024
Two-paced Spanish market softening in places with long-term agreements back on the table
The latest renewals showed that insurers have more appetite for Spanish risks, resulting in a significant softening in several market…
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March 21, 2024
Airmic backs voluntary UK cyber governance code to ‘focus the minds’ of board members
Airmic and its members back a voluntary code for cyber governance in the UK, which is currently under consultation and…
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March 19, 2024
AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments, experts have told…
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March 19, 2024
UK SMEs ‘woefully unprepared’ for cyber threat
New research commissioned by London-based cyber MGA Cowbell has found that UK SMEs are “woefully unprepared” to react to a…
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March 15, 2024
Italy fines TikTok after French Scar probe into child safety
Italy’s competition regulator has fined social media platform TikTok €10m for failing to monitor content that threatened child safety. The…
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March 14, 2024
US cyber backstop gathers momentum
Discussions to establish a US cyber insurance backstop, which should spur competition and innovation in the cyber insurance market, are…
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March 14, 2024
EU Parliament approves AI act
The European Parliament has approved the Artificial Intelligence Act, the world’s first binding law aimed at reducing AI risks. The…
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March 14, 2024
Dutch cybersecurity and insurance firm secures further €36m funding
Eye Security, the fast-growing Netherlands based cybersecurity and insurance firm, has announced a further €36m Series B investment led by…
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March 13, 2024
Brit launches Lloyd’s consortium for large cyber risks
Global specialty insurer and reinsurer Brit has launched a cyber placement consortium with Lloyd’s underwriters for large institutional clients. Brit…
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March 13, 2024
Risk managers urged to increase oversight of cyber supply chain risk
Managing vendors and third-party contractors is a critical part of data security and regulatory compliance, experts say. Data owners must…
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March 13, 2024
AI regulation to shake up liability insurance
Developments in artificial intelligence (AI) and related regulation will require an overhaul of liability insurance policies and the creation of…
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March 12, 2024
Parliament committee attacks UK government’s ‘shambolic’ cyber strategy
Only days after the former head of the UK’s National Cyber Security Centre (NCSC) called on his country to criminalise…