Cyber

Axa XL led Colonial’s cyber policy, which indemnified the pipeline operator against ransomware attacks.

Falcon Risk Holdings will initially focus on financial and cyber lines in the US.

After loss ratios surge, the ratings agency's report warns that US cyber prospects are "grim".

The cyber expert will succeed Catharina Richter as head of Allianz’s cyber center of competence.

Perdiguerra managed the Northwest technology and cyber teams at Hiscox, and had previously been with AIG.

The $15mn in top-up funding brings the total raised by the cyber program manager to $162mn.

A surge of ransomware and other cyberattacks is driving premiums higher as losses increase, part of a broader trend of hardening across US commercial P&C lines.

Rate increases for all-sized accounts and across all lines of business slowed to 10% in the first quarter, down from 10.7% in Q4, according to recent survey data from the Council of Insurance Agents and Brokers (CIAB).

The figure CNA paid is almost 10 times the $4.4mn that Colonial Pipeline paid following the ransomware attack it incurred earlier this month.

The executive told this publication that 20% of the start-up’s clients were first-time buyers of cyber protection.

Owens joined Markel from TransRe in 2018 where she was head of cyber, having begun her career at Guy Carpenter.

The accusation centers on how the InsurTech stores customer information.