One wonders if the term is ‘managing’ and not ‘managed’ as the effects of the cyber attack on the British Library continue to effect its services. The Library has experienced the effects of an asymmetric cyber attack. Where the hacker…
An interesting article on retrocession insurance, as Swiss Re purchases the cyber market’s first retrocession industry loss warranty (ILW). The $50million ILW would appear to be a toe in the water for reinsurance, as the amount is not significant. But…
This an important read and development for cyber insurance and re-insurance. Munch Re one of the worlds largest cyber reinsurers has long discussed its role in cyber insurance, being prepared in 2023 to ‘Give up the cyber business over accumulation…
We hear allot about how the cyber insurance market is going to grow over the coming years. Yet growth requires significant amounts of liquidity to facilitate it. Liquidity that is often left out of the conversation when one hears about…
One has been interested in the cyber insurance market for many years. Cyber insurance is an important risk transfer tool. The cyber insurance market has as yet not found its place as a market or suit of products? But, 1.…
A nice article highlighting the effect of the SEC cyber rule on firms outside of the U.S, specifically Latin America and the Caribbean. It discusses the effects of the SEC rule on board exposure to litigation risk and the effects…
A settlement has been reached and both side have come to an agreement following the 2017 Merck cyber attack, its only taken 6 years of back and forth. The Act of War clause was disputed and an appellate court ruled…
Is there consolidation in the insurance industry as Travelers completes the acquisition of Corvus a cyber insurance managing general underwriter. One finds the cyber insurance industry very interesting, it feels like an industry full of contradictions. It’s a hard market,…
The December 2023 UK Parliamentary report on Cybersecurity defines the challenges the UK faces, in securing its Critical National Infrastructure (CNI). The Chair of the Joint Committee on the National Security Strategy (JCNSS) Dame Margaret Becket made clear that “The…
Thanks for posting Ted Dziekanowski. Insurance and the relationships between cyber and D&O insurers, boards and security professionals will develop in 2024 as cyber regulation starts to roll out. Cyber rsk management will become an important capability for insurers and…
