Cyber Insurance News & Insights | Insurance Insider US

The industry vertical is bucking a trend in the cyber market overall, which remains soft.

The executive’s departure comes amid a wave of cyber reshuffling in the industry.

The MGA is looking to drive its commercial strategy across the globe.

Patent and copyright infringement were the top AI-related legal claims.

The biggest riser in this year’s Allianz Risk Barometer was AI.

Markel said Paul Melone will oversee Botticelli's responsibilities in the interim.

The industry needs to step up in educating clients and understanding their vulnerabilities.

The state is drought-ridden, hail threatened and potentially making major changes this year as a result.

Specialty was the busiest segment but still recorded a YoY drop of seven points.

Lower rates, more favorable policies and improved public cyber infrastructure are all contributing to the trend.

A memo to staff said the executive will be “pursuing new opportunities outside of our company”.

London-based Tristram Prior will transfer to Bermuda to lead the line of business.

Trump’s shadow loomed over the beachside sessions.

Global insurance premiums reached an all-time high of $15.3bn by year end 2024.

The CEO said that new funding will be used to expand its underwriting capabilities.

The company has been growing rapidly since the summer, with at least 300 currently employed.

The MGA said payments to affected customers began shortly after the event.

The executive was previously the cyber practice lead for Ryan Financial.

The city said it was self-insured at the time of the attack.

Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.

The tech error, now resolved, halted traffic to sites like X and ChatGPT.

The executive joined the company from Zurich last year.

The executive most recently served as the company’s chief broking officer.

CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.

A canvassing of the cyber market suggests the impact will be negligible.

The range allows “for information that could emerge beyond what is known today”.

The appointments are aimed at offering a clearer team structure.

Property insurance rates declined by 9%, the same as in the prior quarter.

WTW’s Jessica Klipphahn will take over as head of North America mid-market.

Property pricing fell by 8%, while casualty rate increases tapered to 3%.

AWS suffered a large-scale service disruption originating in northern Virginia.

Christopher Reynolds and AJ Jones have been hired as business development directors.

Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.

An average of 81% of property accounts renewed flat or down.

Growth concerns were top of mind at this year’s conference.

Insurers continue to compete on price, especially in the SME sector.