Cyber & Technology
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January 11, 2024
Slower rate increases in US P&C but no sign of softening, says USI
Property rates in the US are expected to increase, but not at the same pace as seen in 2023, while…
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January 11, 2024
HDI Global Specialty expands in US specialty market with MGA deal
HDI Global Specialty (HGS) has acquired a majority stake in US MGA Falcon Risk Holdings. Falcon will work exclusively for…
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January 11, 2024
A Blueprint for Transformation: Insurance in the Digital Age
The insurance industry has long had a reputation for being slow to embrace technological advances. But with artificial intelligence (AI),…
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January 10, 2024
AI-driven disinformation tops WEF’s global risk list as elections loom
AI-driven misinformation and disinformation has shot straight in as the number one short-term risk in the World Economic Forum’s (WEF’s)…
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January 9, 2024
MGA Alta Signa appoints pan-European underwriting team
European MGA Alta Signa has made several new appointments to establish a pan-European underwriting team, which it said will support…
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January 9, 2024
Aspen launches new cyber risk service
Aspen Insurance is launching launch Aspen Cyber Risk Services in partnership with incident response company Surefire Cyber to help customers…
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January 8, 2024
Gallagher acquires German financial lines broker Köberich
A J Gallagher has acquired German specialty broker Köberich Financial Lines as it continues to expand in Europe. Gallagher said…
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January 8, 2024
Merck and insurers settle dispute over 2017 NotPetya cyberattack
Merck has reportedly settled a dispute with insurers over the 2017 NotPetya cyberattack and related $1.4bn claim that insurers said…
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January 8, 2024
Cyber insurance market to expand in face of formidable threat environment, says Gallagher
The cyber insurance marketplace will continue to evolve in 2024 and reflect dynamic change as both technology and the threat…
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January 5, 2024
Ample capacity for cyber insurance as risks improve
There is ample capacity in the cyber insurance market to meet current demand, with most insurers demonstrating increased appetite for…
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January 5, 2024
Liberty Mutual names former Marsh exec to cyber post
Liberty Mutual’s Global Risk Solutions business has named former Marsh executive Elisabeth Case as global product manager for cyber. In…
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January 4, 2024
US water authority cyberattack sign of emerging risk
A thwarted cyberattack on a Pennsylvania water authority in November that was attributed to an Iran-aligned cyber group unit should…
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January 3, 2024
Travelers completes Corvus acquisition
Travelers has completed its previously announced acquisition of US-based cyber MGU Corvus for approximately $435m. Travelers said the deal was…
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January 2, 2024
Beazley completes $140m cyber cat bond
Beazley has placed a cyber catastrophe bond for $140m of cover over the next two years. PoleStar Re’s Class A…
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December 21, 2023
Supply chain cyber security ‘without doubt’ biggest challenge, says Marsh
Supply chain security is the biggest challenge for cyber insurance buyers, said Marsh in a recent media briefing in London,…
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December 21, 2023
Ferma sets out priorities for greater strategic risk management focus
The interconnectedness of supply chain risks and emerging threats from AI should be top priorities for Europe’s risk managers, says…
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December 21, 2023
EU fails to tackle AI risk with PLD, claims Irish NGO
Despite sharp criticism from the European business community for being too harsh and opening up the potential for potential mass…
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December 21, 2023
EU states agree common position to strengthen cybersecurity
EU member states’ representatives (Coreper) have reached a common position on the so-called ‘cyber solidarity act’ that is designed to…
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December 20, 2023
Financial firms incur more cyber breaches than other sectors
Global financial organisations experienced more cyberattacks than average across all sectors, according to cybersecurity vendor Netwrix in a survey of…
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December 20, 2023
Cyber reinsurance market expands with cat bonds issuance
The recent issuance of a cyber catastrophe bond by Axis Capital Holdings capped a year in which the insurance-linked securities…