Cyber & Technology
-
Ryan Specialty expands in Europe with Geo Underwriting buy
US-based insurer Ryan Speciality has acquired parts of European managing general agent Geo Underwriting Europe as it furthers plans to…
-
Aviva enters EEA cyber market through Nirvana partnership
European specialty MGA Nirvana will now underwrite cyber risk on behalf of UK insurer Aviva in the European Economic Area.…
-
Cat risk appetite returns to European reinsurers: Best
Europe’s largest four reinsurers have “good appetites” for property catastrophe risks again in 2024, driven by continuing hard reinsurance market…
-
German air traffic control hit by cyberattack
Germany’s air traffic control system operated by Deutsche Flugsicherung has confirmed that it was hit by a cyberattack last week.…
-
Cat bonds jump 20.5% in Q2 with ILS at record levels
Second-quarter catastrophe bond issuance reached $8.34bn, 20.5% higher than the same period last year that set the previous Q2 record,…
-
Sompo names head of financial lines in Germany and Austria
Sompo has appointed René Ehlen as head of financial lines, insurance, for Germany and Austria. Ehlen was previously head of…
-
UK rate softening spreads to P&C lines: Aon
UK buyers were able to secure lower premiums for some property & casualty placements as rate softening spread from financial…
-
Data theft costs German firms €267bn
Data theft, sabotage and industrial espionage against German firms cost a record high of €267bn over the past 12 months,…
-
WTW launches fintech and digital assets taskforce
A fintech and digital assets taskforce has been launched by WTW to provide clients with consultancy support for managing risks…
-
Flat reinsurance rates expected in 2025, says Fitch
Reinsurance market rates are expected to be mostly flat in 2025 and terms and conditions to broadly hold steady, according…
-
Dutch regulator fines Uber €290m for GDPR breaches
Uber has been fined €290m by the Dutch data protection regulator Autoriteit Persoonsgegevens (AP) after it found the tech firm…
-
South African general insurance industry to see continued strong growth
Increasing demand for policies covering nat cat events, and growing incidents of cybercrimes, together with rising vehicle sales, are behind…
-
Ransomware victims up 16% in Q2 as payments reach record high
There was an “alarming” 16% rise in the number of global ransomware victims in Q2 over the preceding quarter, with…
-
Cyber insured numbers ‘negligible’ to size of risk, says Swiss insurer
The number of companies covered by insurance for cyberattacks remains “negligible”, according to Swiss carrier Helvetia Insurance as it hosted…
-
UK risk managers say AI cybersecurity code should be mandatory
The majority (74%) of UK risk managers want the government’s planned cybersecurity code for AI technologies to be compulsory, according…
-
Signs of softening property and casualty market in US
The second quarter of 2024 saw signs of softened property and casualty market conditions in the US, according to The…
-
DDoS attacks surge 46% in H1
The number of distributed denial of service (DDoS) cyberattacks spiked by 46% across the world in the first half of…
-
UK tracks fall in cyber claims
Twice as many UK organisations now able to recover their own systems after a cyberattack, rather than pay a ransom,…
-
Insiders and stolen credentials fuel rise in targeted cyberattacks
Insider attacks, stolen credentials and cloud intrusions are fuelling a rise in targeted cyberattacks, according to cybersecurity firm Crowdstrike. Interactive…
-
Cyberattackers move focus from UK to mainland Europe
The UK is no longer the prime target for cyberattacks within Europe, passing the unwanted honour to Spain, according to…