Cyber

Surefire Cyber will support insurers and insureds in their responses to cyber incidents, such as ransomware attacks.

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Rate increases in the hard-market cyber class came in at 27.5%, down from 34.3% in the previous quarter.

According to a joint Marsh-Microsoft report, 75% of 660 companies surveyed said they have suffered a cyber attack of some form.

Companies that had easily lured investors with major premium growth are now scrambling to prove their fundamentals work, and are sitting out fundraising to avoid a down round.

Based in Boston, the executive will report to AGCS’ NA regional head of financial lines Joe Caruso.

Ho has focused in recent years on working with brokers to find cyber insurance solutions for clients facing complex risks.

First Connect will offer a cyber protection insurance product underwritten by BlinkSM.

Based in Chicago, the executive will report to NFP’s cyber senior vice president Rick Cavaliere.

The broker said that increased cyberattacks in Ukraine have not resulted in major insurance losses to date.

The executive joined AIG in early 2010 and has held myriad positions since then, including financial lines assistant underwriter and cyber specialist.

Cyber and M&A insurance are the emerging trends in the region fueled by increased jackpotting attacks and deal activity.