Cyber

A quarter of insurers have such bad cyber security ratings that they would struggle to get coverage for themselves.

Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.

The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.

Plus the latest executive moves and all the top news of the week.

A report by the ratings agency shows cyber insurance pricing has risen by 11% in Q1.

Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".

With the move, the Corporation effectively doubles down on its original stance on cyber war exclusions.

New language has been introduced by some insurers to limit exposures to cyber risks.

The division, which previously was a part of TMK’s specialty unit, will consist of cyber, technology and intellectual property specialisms.

Analysis showed a modelled loss range of between $15.6bn and $33.4bn for a 1:200-year global loss event.

Capital markets are "likely to become a key ingredient of a healthier and sustainable (re)insurance market".

Cyber will be the only line Inigo enters this year after pushing into several new lines last year, including FI, aviation war and onshore energy.