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Fri 2 Aug 2024 | Cyber Risk Insurer

PCS designates CrowdStrike outage a cyber catastrophe loss event

Verisk’s PCS has designated the CrowdStrike outage as a global cyber catastrophe loss even ...

Fri 2 Aug 2024 | Cyber Risk Insurer

D&O litigation against CrowdStrike “a classic event-driven lawsuit”

A securities class action lawsuit has been filed against CrowdStrike in response to the dr ...

Fri 2 Aug 2024 | Cyber Risk Insurer

Guy Carpenter pegs CrowdStrike outage industry loss bill at $300mn-$1bn

The global CrowdStrike outage is estimated to have caused “sizeable but manageable” indust ...

Thu 1 Aug 2024 | Cyber Risk Insurer

Beazley slams “manifest injustice” of data breach cover denial suit from Cadwalader

Lloyd’s insurer Beazley has filed a brief arguing for the unsealing of a suit brought agai ...

Thu 1 Aug 2024 | Cyber Risk Insurer

Coalition launches Allianz-backed active cyber insurance in Germany

Coalition has expanded its active cyber insurance offering in Germany through its subsidia ...

Tue 30 Jul 2024 | Cyber Risk Insurer

Cyber attacks on UK utility companies up 586% in 2023: Chaucer

Successful cyber attacks against UK utility companies rose by 586 percent to 48 incidents ...

Mon 29 Jul 2024 | Cyber Risk Insurer

Cyber insurtech Resilience promotes Brady to CUO

Cyber program manager Resilience has appointed Killian Brady as chief underwriting officer ...

Fri 26 Jul 2024 | Cyber Risk Insurer

Marsh: Global cyber rate decreases steady at -6% in Q2, moderated to -5% in US

Marsh’s insurance market index has shown that cyber rates continue to fall, with global de ...

Fri 26 Jul 2024 | Cyber Risk Insurer

AM Best panel: Flurry of large cyber events raises awareness of cyber insurance

The spate of recent high-profile cyber incidents could serve to increase awareness of the ...

Fri 26 Jul 2024 | Cyber Risk Insurer

Resilience delivers 12.6% loss ratio in 2023

Resilience co-founder Vishaal “V8” Hariprasad has outlined his firm’s ambitions to be more ...