Industry Segments: Cyber Page 6 / 15
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- September 11 2023
Hong Kong tech hub receives ransom demands after data breach: reports
Hackers are demanding around US$300,000 to return the data taken from startups in Cyberport, which also incubates several insurtechs.
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- August 1 2023
Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
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- July 25 2023
Asia cyber market ‘to outperform the rest of the world’
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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- July 20 2023
Tokio Marine Kiln expands its cyber presence with Axa XL hire
Singapore-based Sam Bye will start in the role of a cyber underwriter from August 1 and report to APAC underwriting director Jamie Tang.
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- July 14 2023
Cyber market in APAC set to surge by 2025
Overall market growth for the sector continues to be bullish with SMEs in the region bearing the brunt of malware attacks and cyber war.
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- July 10 2023
Axa XL expands Asia cyber team with Hong Kong cyber underwriter
Alejandro Vigil-Escalera has relocated from the (re)insurer's Madrid office to Hong Kong.
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- July 7 2023
AXA XL | Let’s Talk: Generative AI and cyber risk
The race between hackers intent on infiltrating organisations’ IT systems and cybersecurity professionals intent on keeping them out is set to escalate with the use of generative AI tools.
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- July 5 2023
Axa XL expands Singapore cyber team with underwriting duo
Senior underwriter Chiaw Han Lean and underwriter Christopher Widjaya will join the carrier’s international financial lines team.
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- June 28 2023
Beazley builds out Singapore cyber business with two new hires
Cyber underwriters Razif Abdullah and Sharmayne Koh will start in the new roles from first week of July.
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- June 23 2023
Australasia cyber talent pool widens amid more buyers and high limits
Insurers are fast expanding their cyber underwriting teams in the region due to rising vulnerability to cyber-attacks and growing demand.
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- June 8 2023
Dual targets cyber growth in Australia and New Zealand with Marsh hire
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
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- June 5 2023
Australian cyber specialist Emergence Insurance launches in New Zealand
The MGA's new branch will be led by Fraser Walker, who joins as business development manager from AIG New Zealand.
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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.
