……..and the winner of the top global risk for 2026, for a fifth year running, according to Alliance Insurance, no 1 in every region is………..Cyber. Well, that’s a bit of an anti-climax. What is a surprise, or at least should…
The next question is how a decision by Beazley to shrink its revenues from cyber insurance and step back from the market will affect the rest of the market? Beazley is a ‘Pioneer’ in the cyber insurance market and also…
This is a big deal, the wording does not relay the severity of what is happening to cyber insurance. The insurance industry has been chasing the cyber dragon for several years, aiming to make money from a volatile, poorly managed,…
The UK cyber insurance industry only paid out £197 million in 2024. Or about a third of the cyber spend of an average systemically important bank. Or 197% of the expected payout against Jaguar Land Rover, a single company, a…
Simone Herbert-Lowe opens up another regulatory lens focused on cybersecurity risk management. Highlighting the direction of travel being taken by the Australian Securities and Investments Commission (ASIC) on corporate governance, oversight, and assurance of cyber risk in the boardroom of…
Marks and Spencer reports a more than 55% drop in half-year profits following its cyber attack, and cyber insurers picked up £100million of the company’s losses. Profits for the half year were £3.4 million, down from £391 million for the…
Insurers are starting to realise they have to go left of bang to support their clients in managing cyber risk and reduce claims risk. But going left of bang requires careful consideration. As we see with the development of cyber…
There are likely no models the UK Government or cyber insurers can write that will evaluate the real cost to the UK industry in the event of a cyber attack, that are not by any measure extreme in demonstrating the…
Thank you for posting, Brian D. McCarthy. An interesting case highlighted by Hunton Andrews Kurth LLP. How frequently do these types of lawsuits get filed? In this case, Ace American Insurance Company filed a subrogation lawsuit against two technology and…
A very important report by the Federation of European Risk Management (FERMA) on the risks and issues its members have highlighted with cybersecurity and cyber risk. It is starting to highlight the cracks in the cyber insurance model, as persistent…
