CrowdStrike event unlikely to impact (re)insurer results: Fitch Ratings

Insured losses in the single-digit billions would not translate into a material impact for (re)insurers.

By Danielle Ling

July 22, 2024

New York, New York, USA. 19th July, 2024. A screen at JFK Airport Terminal 1 displays a blue recovery mode message after a faulty Microsoft update by the cybersecurity company, Crowdstrike led to widespread computer outages, grounding numerous flights. (C

The CrowdStrike software event is unlikely to have a material impact on global (re)insurer financial results, Fitch Ratings has said.

Preliminary

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats

Request a free trial Already a subscriber? Login now

Topics

News Major losses Cyber