Cyber

The report also noted that global reinsurer capital totalled $660bn as of June 30 2021, a $10bn rise from the end of 2020.

Maya Bundt referred to cyber security threats as the “dark side” of proliferating digitalisation.

Marsh believes market hardening peaked in Q4 2020, although cyber price rises hit 96% in the US during Q3.

A new market survey sheds light on the disparity in pricing and approaches to ransomware as the cyber market remediates.

Allianz Global Corporate and Specialty (AGCS) received over 1,000 cyber claims in 2020 and has warned of no abatement in the frequency and severity of ransomware losses flooding the market.

Ariel Re hires its first cyber head as the Bermudian seeks a deeper role in the evolving sector.

George Cole joins as an international cyber underwriter, while Lucy Barker-Hahlo has been named as a junior underwriter.

Monica Tigleanu will join the reinsurance broker’s specialty division as part of its cyber practice.

The former international manager of breach response services will step into a newly created role.

In a post Covid-19 world, cyber-attacks have become increasingly frequent and more severe, with automated bot attacks surging specifically.

Nazir boasts 20 years of industry experience, and has served at Chubb for nearly four years.

The Series B funding was led by SoftBank Vision Fund 2 and will fund expansion beyond the core cyber class.