Line of business: Cyber Page 5 / 17
-
- June 17 2024
Cyber premium pool to outstrip other financial lines, says MSIG’s Andrew Taylor
Demand for cyber cover is rising in the region as AI is being exploited by criminals to launch more sophisticated attacks, while D&O, PI continue to face pricing pressure, says the regional head of financial lines.
-
- June 14 2024
Zurich names Dan Elliott head of cyber resilience Australia
Elliott was previously a principal, cyber security risk advisory at Zurich Resilience Solutions in Canada since September 2022.
-
- June 6 2024
APRA calls attention to cyber weakness in data backups of carriers
Insurers will have to make sure to maintain sufficient isolation of backups as well as the technical capability to recover systems and data within tolerance levels, the regulator says.
-
- June 4 2024
Samuel Bye rejoins Axa XL as head of cyber for Asia and Middle East
Singapore-based Bye, who returns after nearly a year at Tokio Marine Kiln, will manage the (re)insurer’s recently built-out cyber team.
-
- June 3 2024
Australian cyber specialist Emergence promotes Katrina Hickson to head of distribution
Hickson, who was the MGA's business development underwriter for Queensland and the Northern Territory, will oversee the national accounts strategy, key partnerships, and expand market presence in the newly created role designed to improve solutions for brokers.
-
- May 27 2024
WTW strengthens regional cyber team with Marsh hire
Singapore-based Conor Keating, who joins as the regional cyber growth leader, will report to the Asia cyber practice head Jennifer Tiang,
-
- May 22 2024
IAG launches SME-focused cyber underwriting agency Cylo
The MGA is backed by the Australian carrier's commercial insurance arm CGU and will offer up to US$1.3 million cover against cyber attacks for small businesses.
-
- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
-
- May 20 2024
Opinion: Will Lloyd’s move really bring about the end of the cyber wordings war?
In a bid to calm frayed nerves, Lloyd's introduced phase out dates for non-compliant covers and target dates for what the market considers to be acceptable cover for policies affirming war-related coverage.
-
- May 16 2024
Cyber attacks top business risk for financial institutions: Aon
Failure to attract and retain top talent, which is now at eighth position, is expected to rise to third place as a future risk, according to a survey by the broker.
-
- May 16 2024
Markel expands China team with three Shanghai appointments
Martin He has joined the specialty insurer as marine underwriter, George Ke has started in his role of professional and financial risk and cyber underwriter, and Lei Wang has become manager of model analytics and reporting.
-
- May 7 2024
APAC markets moderating, loss-exposed lines remain challenging: Aon
Cat-exposed property across Asia saw limited capacity and renewal price increases but capacity for casualty remained abundant, leading to moderate market conditions, despite concerns of increasing exposures.
-
- May 6 2024
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
-
- April 30 2024
Changing nature of cyber risks in Asia drives need for cover
Ransomware, extortion, political actors and AI make businesses in the region more vulnerable, while regulations are helping with fuelling insurance demand.
-
- April 25 2024
Asia commercial insurance rates decline 2% in Q1: Marsh
Property, casuaty, finpro and cyber rates fell in the first quarter the year in Asia, while in the Pacific, property stabilised while casualty premiums continued to grow for the fourth consecutive quarter, albeit at a slower clip.
-
- April 19 2024
Boutique finpro brokerage PLI Brokers launches in Australia
The brokerage, founded by Melbourne-based managing director David Martin, will offer financial services and accounting professions products.
-
- April 18 2024
CFC acquires Australia’s Solution Underwriting to grow cyber offering
The specialty insurer will expand their presence in the country to five offices and nearly 100 underwriting, claims and incident response staffers.
-
- March 26 2024
Hannover Re to combine global cyber, digital risks underwriting business
Stefan Sperlich, who was leading the company’s North American structured reinsurance business, will head the Hannover-based business unit as managing director.
-
- March 15 2024
Gallagher Re promotes Sie Liang Lau to head APAC cyber team
In the newly created role Sie will oversee reinsurance broking covering APAC.
-
- March 14 2024
Cyber, business interruption top risks for India: Aon
66.7% of respondent organisations in the country suffered a loss due to property damage and 50% were affected by supply chain disruptions.
