Industry Segments: Cyber Page 3 / 12
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- May 25 2023
Going to war on cyber wordings
As Lloyd’s war exclusions cause disquiet among insureds and reinsurers, the market is set to see a battle royale with APAC in the thick of it.
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- May 16 2023
Axa XL bolsters Australia cyber team with three hires
Grace Coleman from Brooklyn Underwriting, Nicholas Maxwell from AIG and Alberto Piccena from Aon will join the (re)insurers Sydney office.
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- May 8 2023
Medibank served a third class-action suit over data breach
Slater and Gordon filed a group proceeding in the Federal Court of Australia on May 5.
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- May 3 2023
Zurich promotes Alexandra Wrobel to head of cyber for commercial insurance Asia
Wrobel was most recently the head of casualty, commercial insurance Hong Kong.
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- April 27 2023
Axa XL names APAC & Europe cyber product leader
Carlos Rodríguez Sanz has been promoted and is responsible for growth and development of cyber across Asia, Australia and Europe.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
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- April 21 2023
Opinion: Ransomware payments down under – to ban or not to ban?
Insurers suggest an outright ban on ransoms and extortion demands in data breach incidents could be a blunt, ineffective policy instrument.
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- April 12 2023
Asian SMEs warm up to cyber cover after digital boom
The changing economy is seeing more business being handled online meaning threats are growing, but risk data is still lacking.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
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- January 25 2023
Analytics: Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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- January 10 2023
Beazley issues first cyber cat bond
The bond is worth US$45m and will indemnify against all perils in excess of a US$300m event.
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- December 30 2022
‘Uninsurable’ cyber casts a long shadow
Spiralling losses, evolving and unquantifiable risks and shrinking capacity in the region constrain (re)insurers.
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- December 14 2022
Singapore’s cyber risk pool should be relaunched, says architect of last attempt
A reluctance to share capacity scuppered the efforts in 2018, but the market has evolved greatly since.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
