-
Looser wordings in standalone cyber insurance mean the product is moving beyond what it was originally designed for, and could introduce systemic losses to the market, sources said.
-
The industry veteran has left Argo indicating he plans to join an MGA.
-
German financial services regulator BaFin has granted the start-up a licence.
-
Cyber criminals siphoned off $10mn from Banco de Chile in May.
-
MS Amlin will use the AI start-up’s technology to drive premium growth.
-
Premiums in the line have increased 23 percent per year since 2013.
-
The executive will take the CFO role at the Preservation Capital-backed cyber specialist.
-
The new business segment will be led by Patrick Bousfield.
-
The insurer will separate its short-tail cyber portfolio from longer-tail casualty risks.
-
Increased litigation and compensation claims from GDPR can also fall squarely onto the shoulders of the liability market
-
Between 2013 and 2016, ransomware accounted for just 16 percent of cyber claims at AIG Europe. -
Emea cyber head Mark Camillio says the new data rules add a negotiating tool for extortionists.
