
Cyber
Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.

Mosaic launches primary tech E&O
New product builds on the launch of the specialty carrier’s global primary cyber insurance offering last year

Lockton Re appoints Lewis to head North American cyber practice
Lewis joins from Zurich North America, where he was cyber product leader

Cyber catastrophe bonds show potential for diversification: CyberCube
Losses ‘far less than perfectly correlate’ across the four recently issued 144A cyber catastrophe bonds, modelling firm says

US cyber MGAs usurping traditional carriers in SME market: QBE's Kofie
Rooted in technology rather than insurance, US managing general agents are ‘big disruptors’, QBE Europe’s cyber expert Erica Kofie says

Munich Re calls for European cyber backstop
The largest systemic cyber threats were beyond the equity of the market, reinsurance giant's chair says

Cyber market continues to grapple with modelling
There are still important variations between models in how events are defined and what coverages are captured, industry experts say

Beazley merges in-house cyber services and cyber security firm
London market heavyweight integrates risk management services, offered as part of its cyber policy, with cyber security offering

UK cyber governance code will be good for insurers: Corvus
The proposed code of practice will create a useful framework for insurers to start discussions with businesses, particularly in the SME market

US regulators’ group announces 2024 strategic priorities
NAIC will press cyber and climate standards

Swiss Re sponsors first cyber ILS to use industry loss trigger
The 144a insurance-linked security uses Perils’ US cyber industry loss index as a trigger

AIG names cyber expert Inglis to board of directors
Inglis spent 28 years with the US National Security Agency, most recently as adviser to US president, Joe Biden

Marsh Specialty appoints Fort international cyber product leader
Fort will join the specialty broker’s recently launched global cyber practice
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