Howden’s research highlights escalating cyberattacks on UK businesses
A new report from Howden reveals that cyberattacks are becoming a growing threat for UK businesses, with 52% of companies reporting at least one incident
Cyber Insurance News
Insurtech CyberCube partnered with Penguin Tech
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to offer improved solutions
Insurtech CyberCube has expanded its partnership with HUB International
Insurtech CyberCube has expanded its partnership with HUB International, a leading insurance broker and financial services firm
MGA Coterie Insurance announced its entry into the cyber insurance market
Coterie Insurance, a managing general agent (MGA) focused on simplifying small business insurance, announced its entry into the cyber insurance segment
Top risks for UK businesses in 2024: Economic, Cyber, Workforce Challenges
Marsh McLennan highlights the primary concerns for UK businesses over the next year. The TOP-3 issues identified are economic and financial challenges (43%), cyber threats (39%), and people-related risks (38%)
Cyber threats as the top concern for businesses – Travelers Risk Index
Cyber threats as the top concern for businesses. This marks the fourth time in six years that cyber risks have taken the lead. according to 2024 Travelers Risk Index
Cysurance partnered with 360 SOC, a cyber provider of response services
Cysurance, a firm focused on risk mitigation and certifying security solutions, has partnered with 360 SOC, a provider of managed detection and response services
Cyber startup BlackCloak raised $17 mn in Series B led by Baird Capital
BlackCloak, a cybersecurity insurtech specializing in protecting executives, high-net-worth individuals, and family offices, has announced a $17 mn Series B funding
Coalition Re introduces Non-Proportional Cyber Reinsurance
Coalition has set up its reinsurance intermediary, Coalition Re, to offer capacity for non-proportional cyber reinsurance treaties along with a white-labelled cyber insurance
Court splits decision in AIG & RealPage recovery dispute over phishing attack
A Texas court reached a split decision in a dispute between an AIG unit and RealPage over the allocation of recovered funds from a phishing attack
Insured losses from CrowdStrike incident exceed $1 bn – Guy Carpenter
Insured losses from the CrowdStrike incident could exceed $1 bn in the cyber insurance market, though the total may be reduced to half since it wasn’t a cyberattack
Number of successful cyber attacks against UK companies increased by 586%
Successful cyber attacks against UK utility companies surged to 48 in 2023, a 586% increase from seven cases in 2022
CyberCube estimates cyber insurance losses from CrowdStrike outages above $1.5 bn
Insured losses from CrowdStrike outages in the standalone cyber insurance market may reach $1.5 bn, according to CyberCube
Cyber insurers covers of business interruption from CrowdStrike outage
Cyber insurance provides for broad coverage of business interruption resulting from network outage. The trigger for this coverage includes System Failure
US companies suffer $5.4 bn cyber loss from CrowdStrike outage. Impact for (re)insurers
Parametrix estimates the direct financial loss for US Fortune 500 companies (excluding Microsoft) from the CrowdStrike outage at $5.4 bn
Howden highlights cyber insurance market growth by 54% by 2030
Howden Group’s fourth annual cyber report, “Risk, Resilience and Relevance,” highlights cyber insurance market stabilization last year
Cybersecurity platform YesWeHack raised €26 mn Series C led by Wendel
YesWeHack, a Bug Bounty and cybersecurity vulnerability management platform, has raised €26 mn in a Series C funding round led by Wendel
AXIS launched US-based AXIS Cyber Incident Commander
AXIS Capital has launched of a new service for US-based, direct primary cyber insurance customers – AXIS Cyber Incident Commander
Insurtech At-Bay expanded its Cyber and Tech E&O Excess & Surplus coverage
Cyber insurtech At-Bay has expanded its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5 bn in revenue
U.S. cyber insurance market will grow to $20 bn by 2025
New cyber insurance capacity is increasingly matching fast-growing demand, particularly within the United States, and greater competition
Cyber insurtech Coalition announced Microsoft, Google and AWS integrations
Cyber insurtech Coalition announced new integrations between Coalition Control, its cyber risk management platform, and cloud services providers
Brazilian cybersecurity insurtech Bluecyber raised $1.5 mn in funding
Brazilian insurtech Bluecyber, specialising in cyber insurance, has raised $1.5 mn in funding led by venture capitalists Invisto and Bossa Invest
Cyber Insurtech Coalition announced agreement with Aspen Insurance
Cyber insurtech Coalition has announced a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen)
Guy Carpenter introduced CatStop+, a new cyber reinsurance
Guy Carpenter, a global risk and reinsurance specialist under Marsh McLennan, has introduced CatStop+, a new cyber reinsurance product
US Cyber Industry Loss Index plays important role in cyber-ILS expansion
PERILS and CyberAcuView announced the use of their US Cyber Industry Loss Index in the first cyber insurance risk transactions
Cowbell Cyber extended cyber insurance coverage to mid-market businesses in the UK
Cowbell Cyber Inc., a US-domiciled cyber insurer, has recently extended its cyber insurance coverage to mid-market businesses in the UK
Insurtech CyberCube launched new version of Account Manager SaaS solution
Cyber analytics insurtech company CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service solution
Cyber insurtech Enveedo raised $3.15 mn seed funding led by Silverton Partners
Enveedo, a cybersecurity insurtech company with an innovative approach to integrated risk management, announced the closing of its $3.15 mn seed funding round
Howden launches new primary European Cyber & Tech E&O facility
Howden, the global insurance group, launches of one of the first dedicated European cyber and technology errors & omissions lineslips for primary business
Coalition’s data showed a 12% increase in cyber claims
Cyber insurtech Coalition released its Cyber Claims Report: Mid-year Update, which details the evolution of cyber trends during the 2023
Cyber insurtech Cowbell raised $25 mn financing led by Prosperity7 Ventures
Cowbell, a cyber insurtech for small- and medium-sized enterprises, announced a new $25 mn financing led by Prosperity7 Ventures
Cyber insurtech Corvus agreed to a $435 mn deal to be acquired by Travelers
Corvus Insurance Holdings has agreed to a $435 mn deal to be acquired by P&C insurance giant Travelers, which has approximately 30,000 employees
Cyber insurtech Upfort raised $8 mn in a Series A led by SYN Ventures
Upfort, a cutting-edge cyber security and insurance platform, has raised $8 mn in a Series A funding round led by SYN Ventures
Cyber insurtech Coalition partnered with HDI Global Specialty
Coalition, the Active Insurance provider designed to prevent digital risk before it strikes, announced a new long-term partnership with HDI Global Specialty
Cyber Insurtech Corvus enters Continental European Market
Corvus Insurance announced it has partnered with The Travelers Companies to back its Smart Cyber Insurance offering
Cyber insurtech Stoïk raised €10.7 mn to help market expansion
French cyber insurtech Stoïk has raised $10.7 mn to help with market expansion. Munich Re Ventures is leading the round with Opera Tech Ventures
Cyber insurtech Cowbell plans to expand in the UK insurance market
Cyber insurtech Cowbell has announced plans to further expand its footprint in the UK market with a new senior appointment and launch of its AI-powered cyber insurance
Most DDoS attacks launched in response to disputes over business or gaming – FBI
The majority of DDoS attacks are launched in response to disputes over business or gaming, according to federal officials investigating
Insurtech Mulberri introduced Cyber Insurance MGA
Mulberri, an AI-driven insurance platform, has officially introduced its innovative Cyber Insurance MGA (Managing General Agent)
A cybersecurity incident will cost the Brunswick $85 mn
The boating manufacturing firm Brunswick Corporation announced a cyberattack that impacted their systems and some of their facilities
Cyber-insurtech Converge Insurance raised $15 mn in Series A
Converge Insurance, insurtech in advanced cyber risk management and underwriting, announced $15 mn in Series A funding from Forgepoint Capital
Lockton Re expands partnership with cyber insurtech CyberCube
Reinsurer Lockton Re is expanding its partnership with cyber risk analytics insurtech CyberCube by licensing CyberCube’s Industry Exposure Databases
SEC Adopts New Rules on Cybersecurity Risk Management
The Securities and Exchange Commission adopted rules requiring registrants to disclose material cybersecurity incidents they experience
SME Insurance Survey indicates that the cyber risks increased for 50% enterprises
GlobalData’s UK SME Insurance Survey indicates that almost 50% of medium-sized enterprises are aware that the cyber risks they face have increased
Insurtech Coalition announced cyber and E&O insurance in Quebec
Cyber insurance agent and cyber-security insurtech Coalition announced its cyber insurance and technology errors and omissions (E&O) insurance
Zurich North America brought to market a cyber insurance Concierge
Zurich North America, a cyber risk solutions provider, has brought to market a cyber insurance module aimed specifically at mid-market businesses.
Hackers accessed to American National Insurance and Sun Life’s insurance data
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 percentage
Cyber insurtech Corvus launches new AI- & NLP-driven features
Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, announced new AI- and NLP-driven features
Cyber insurance broker INSUREtrust introduced product Cyber Pre-Check
INSUREtrust, a specialized cyber insurance and risk management broker under Starwind Specialty, has introduced Cyber Pre-Check
WTW Cyber Quantified Model helps insurers evaluating cyber loss
WTW has announced new release of enhanced Cyber Quantified Model, designed to assist companies in evaluating cyber loss potential and optimising risk management
Insurer Tokio Marine Kiln establishes Cyber & Enterprise Risk division
Specialist insurer, Tokio Marine Kiln (TMK), has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market
Cost of a cyber data breach averaged $4.35 mln
Reaching an all-time high, the cost of a data breach averaged $4.35 mln in 2022. This figure represents a 2.6% increase from last year
Coalition launched a new version of Executive Risks Insurance products
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations
CyberCube entered into a partnership with Aviva for suite of cyber solutions & services
Aviva, the UK’s insurer, is to roll out a broad range of products from CyberCube, the cyber risk analytics firm, to support the growth ambitions for its cyber book
Corvus launches Cyber & Tech E&O program with Core Specialty
Corvus Insurance, the cyber insurtech, powered by a proprietary AI-driven cyber risk platform, launches of a new program with Core Specialty to support the expansion of the… Read More »Corvus launches Cyber & Tech E&O program with Core Specialty
Insurtech Coalition released the framework Active Cyber Risk Model
Cyber Insurtech Coalition released the Active Cyber Risk Model, a practical framework for understanding cyber risk aggregation that provides an ongoing view
Cyber insurtech Coalition will enter the UK excess cyber insurance market
Cyber MGA insurtech Coalition has announced it will enter the excess cyber insurance market in the UK to help protect businesses with enhanced coverage
Insurance Europe responded to methodology for cyber stress testing for insurers
Insurance Europe has responded to a discussion paper by the European Insurance and EIOPA on methodologies for cyber stress testing for insurers
Insurtech CyberSmart raised 12.8 mn pounds in a Series B round
Insurtech CyberSmart — which provides cybersecurity solutions for small- to medium-sized businesses (SMBs) — has raised 12.75 mn pounds ($15 mn) in a Series B round
CyberCube launches of Prep Module, a SaaS solution for nsurance brokers
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager
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U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions