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The International Underwriting Association has urged cyber insurers, brokers and clients to focus on risk management to help better respond to claims. -
Jose Carlos Jiménez Fernández and Rafael Ortiz Losada have joined the company as senior underwriters.
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The US could be exposed to economic losses of $1.1tn in the event of a cyberattack, the highest of any country.
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Inflation, supply chain issues and technological failures are complicating the underwriting landscape.
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Two studies have found that, while almost a third of back-up attempts fail to restore system data after a ransomware attack, cybercriminals are refining their methods.
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The China Development Bank-owned lessor received $195mn for four aircraft leased by Aeroflot.
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During the first nine months of 2023, a total of 24 separate billion-dollar weather and climate disasters have been confirmed by the NOAA’s National Centers for Environmental Information.
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The fine relates to a breach that took place in 2017, where hackers were able to access the data of 13.8 million UK consumers.
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Rising counterparty risk from economic slowdown will support prices and growth.
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Former Tokio Marine Kiln cyber underwriter Alex Jomaa is CUO for the firm and head of UK.
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Plus this week’s people moves and all the top news from this week.
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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
