Howden

Mosaic, Chubb and LSM back new Howden Safe+ platform for mid-sized firms

A trio of carriers has backed the launch of Howden Safe+, a new solution designed to incentivise cybersecurity investments by offering more favourable terms for cyber insurance policies.

Howden: ~$1bn CrowdStrike loss to accelerate cyber market development on three fronts

The CrowdStrike outage loss is “manageable” for the cyber insurance market, Howden has said, with the broker suggesting it will accelerate the market’s development on three fronts: relevance, innovation and demand.

Howden Re continues cyber ri build-out with Axis’ Gruen leading threat intelligence

Howden Re has expanded its cyber reinsurance capabilities with the appointment of Harriet Gruen as head of cyber threat intelligence.

Non-US cyber premiums to increase by $15bn up to 2030: Howden

Non-US territories are poised to capture more than half of the projected growth in global cyber premium, which is forecast to reach $43bn by 2030, according to a new report by Howden, with major European economies presenting a significant growth opportunity.

Cyber premiums exceed losses in every high-profile event since 2017: Howden Re

Cyber insurance premiums exceeded losses in every high-profile cyber event between 2017 and 2022, with this large loss buffer offering the market an opportunity to take on more risk, according to Howden Re.

Howden Re issues call to arms for industry to recalibrate thinking and embrace cyber opportunity

Howden Re has called for a recalibration of how cyber risks are underwritten in a new report which suggests the rewards from writing the class are often underestimated when compared to natural catastrophe exposures.

Howden partners with NYC-based insurtech Cyberwrite to enhance cyber resiliency

Howden has launched a new partnership with New York-based insurtech Cyberwrite, aimed at providing insights into cyber threats for its clients.

Howden bolsters cyber leadership with new European regional heads

Howden has bolstered its cyber leadership team with the appointments of Kristoffer Haleen as head of cyber, northern Europe, and Manuel Perez Martín de la Hinojosa as head of cyber, southern Europe and LatAm.

Howden launches €20mn European primary cyber and tech E&O facility

Howden has launched a dedicated European cyber and technology E&O facility for primary business.

Howden’s Simkin: Cyber attribution must not become obstacle in claims payments

Howden’s global head of cyber Shay Simkin has warned that the process of attributing a cyber event to any one nation or group remains “virtually impossible” in a new interview with The Insurer TV.

Cyber’s role in Russia-Ukraine offers lessons for future conflicts: Howden

The blending of military and cyber warfare in the Russia-Ukraine conflict has not only raised concerns over systemic risks, but also offered lessons into how future conflicts may progress, according to a report by Howden.

Cyber market to exceed $50bn GWP by 2030: Howden

The global cyber insurance market is poised to exceed $50bn in gross written premiums by 2030 if current trends around new market entrants, increased capacity deployments and high levels of global demand continue, according to a new report by Howden.

Howden: Cyber will “prove that the industry is capable of innovating”

Cyber as a peril presents a unique opportunity for the insurance industry to demonstrate its relevance to the wider economy through product innovation and risk transfer solutions that address issues around aggregation and systemic risk, according to David Howden.

Howden adds Axa XL’s Lutgen as Europe COO amid continental expansion

Howden has appointed Philippe Lutgen to the newly created position of chief operations officer for Europe.

Howden: Cyber market could exceed $25bn by 2026

A report into the cyber insurance market from broker Howden has revealed that gross written premiums could rise to more than $25bn by 2026.

Howden taps Marsh for Neild to lead UK cyber retail practice

Expansive intermediary Howden has hired Sarah Neild to take on the role of head of UK cyber retail.

Howden: Underwriting caution remains over cat and cyber uncertainty in 2022

A new survey from broker Howden highlights a keen desire for growth across most lines of business with an ambition to embrace sustainable energy, although there is some hesitancy over catastrophe and cyber.

Ransomware the “predominant” cyber threat as attacks jump 170% in 2020

Ransomware is now the predominant cyber threat confronting businesses, with the number of attacks increasing 170 percent over 2020, according to broker Howden.