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The reinsurance broker said cyber incidents so far in 2019 already exceed the full-year totals in 2015 and 2016.
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Industry commentators said firms are failing to check third-party vendors’ and contractors’ liability cover.
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The airline has experienced at least one IT failure or cyber security incident a year since 2016. -
The ratings agency warned of potential serious losses if portfolios are not screened for “silent cyber”.
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Cyber losses are always among the most-read stories on our site. Capital One is no exception.
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Further details of the cyber placement show the risk is fairly evenly spread across the US, Bermuda and London markets.
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If the cover is exhausted, the Capital One data breach would mark a new record claim for the cyber market.
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Chris Burgess will work with Scott Bailey in the newly created operation.
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Foster has spent more than 14 years at the broker.
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Eiopa chairman Gabriel Bernardino last week reprised the unresolved theme of a state backstop for cyber (re)insurers.
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Jon Rigby spent 33 years in the RAF working in cyber and intelligence before moving into the world of consultancy.
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Anthony Dagostino will take up the newly created position of global cyber and technology practice leader.
