-
The business, whose valuation exceeds $3.5bn after a recent funding round, has backing from Zurich North America. -
The CEO spoke to this publication in a wide-ranging interview, covering the still “daunting” loss inflation in commercial auto and the importance of good cycle management.
-
The executive also said that leadership in cyber would not come from traditional players, and that the segment currently faced a supply, rather than demand problem.
-
The executive has more than two decades of underwriting experience, most recently serving as a senior vice president at Argo Group.
-
Deputy Attorney General Lisa Monaco told the Associated Press to expect arrests, seizures of ransom payments and additional law enforcement operations in the days to come.
-
A trend of “double extortion” and exploiting victims who do not use multi-factor authentication has contributed to the surge in attacks in the last 18 months.
-
Despite the steady decrease in frequency of attacks, the costs associated with ransomware claims continue to shift as recovery remains a priority for businesses, according to a report by InsurTech MGA Corvus.
-
Marsh McLennan has launched a cyber risk analytics center that will offer tools to help provide clients with insights into cyber threats.
-
The carrier noted that claims on its cyber book had risen significantly since 2016, when it registered only 80 claims.
-
The partnership aims to encourage stronger SMB security and protect Microsoft customers from increasing cyber risks.
-
AM Best sees accumulating cyber risk in the US property market downgrading 18 US property carriers, considering Best’s Capital Adequacy Ratio.
-
As carriers seek to stabilize the cyber market amid skyrocketing loss ratios, more demands for tech controls are placed on insureds.
