Merck’s $915mn NotPetya hit may infect beyond its $275mn cyber towerOne year on from what is already the largest loss in cyber liability history, insurers on US pharmaceutical firm Merck’s vast $1.75bn property tower are still waiting on a formal loss notification.
Argo’s US cyber head White departsArgo’s US-based group head of cyber, Simon White, has left the carrier, re-Insurance.com can reveal.
Markel appoints head of cyber businessMarkel has named Kara Owens managing director of its global cyber business.
Equifax to recover $75mn from insurers over data breachUS consumer credit reporting agency Equifax is set to recoup $75mn from its insurers after taking a $275mn hit from a data breach last year when hackers stole sensitive customer information.
JLT Re adds Davis to US cyber unitJLT Re has appointed Erica Davis as senior vice president to lead its North American cyber and E&O practice.