Cyber
Claims Club News - 27 February 2014
All the news from Post’s Claims Club event on 19 February
Guy Carpenter launches cyber practice
Guy Carpenter has launched a cyber-solution specialty practice to develop cyber reinsurance to address the increasing risks associated with cyber security.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.
Companies urged to take strategic approach to cyber risk
Cyber-attacks and government surveillance are eroding trust in the internet as a place for communication and commerce, according to Zurich’s chief risk officer Axel Lehmann.
Sales of cyber-insurance climbed 30% in 2013 at AIG
AIG saw a 30% rise in sales last year compared to 2012 of the specialist insurance that protects companies from data breaches and cyber attacks.
Risk managers complacent on cyber and terrorism risks
Risk managers may be seriously underrating major threats facing their businesses according to an Aon survey of captive directors.
US politicians demand investigation into Target data breach
US House Democrats have requested a probe into the data breach which resulted in at least 110 million customers of US retailer Target having personal information stolen.
At least 110 million hit by Target data breach
US retailer Target has been left reeling after the discovery that at least 110 million customers had personal details stolen in one of the largest data breaches ever seen.
C-Suite: Let’s not lose it this Christmas
The festive season is the peak period for mobile phone loss, so make sure your data is protected.
Lockton expands global technology practice
Broker Lockton is expanding its global technology and privacy practice with three staff moves in major cities to support clients on cyber liability and related risk management issues.
C-Suite: Stay a step ahead of cyber crime
From a debilitating attack on service to a simple system break‑in, cyber attacks can vary in their sophistication and in the harm they can cause to organisations, says Chubb's Chris Pavlou.
Fraud Conference 2013: Cybercrime threat needs to move up the agenda to boardroom level
Fighting cybercrime should be an executive board consideration, insurer panellists at Post’s Fraud conference in London said last week.
Ventris leaves Cunningham Lindsey 'by mutual consent'
Neil Ventris, director, London markets, is to leave Cunningham Lindsey UK after five months in the role.
C-Suite: Use data to defeat cyber crime
A recently published survey found the insurance industry was, at best, responding to less than 20% of the risks businesses face.
Marsh: EU cyber directive must be on risk agenda
Insurers must consider the implications of the European Union's cyber security directive, Marsh has warned.
Marsh: EU cyber directive must be on risk agenda
Insurers must consider the implications of the European Union's cyber security directive, Marsh has warned.
C-Suite: Crystal clear on cyber crime cover
The industry needs to foster greater understanding and awareness of the very real threat of cyber crime.
Ferma 2013: Beazley wants to be 'complimentary not competitive' in Europe
Beazley wants to secure more European business but does not want to be competing with the local market on traditional classes, according to Beazley’s head of broker relations David Price.
Brokers confident they have professional indemnity gap covered
Many small website providers remain unaware of professional risks.
NCC and Oval launch cyber assurance package for SMEs
Information assurance firm NCC Group has teamed up with broker Oval to launch a cyber assurance package for the SME community.
Expertise in Action: Technology: Open to attack
Despite several high-profile cyber attacks on major corporations, the insurance industry is still behind the times when it comes to cyber liability. How can it catch up?
Zurich Q&A with Jeremy Smith
With cyber risk a growing threat to businesses both large and small, Post editor-in-chief Jonathan Swift sat down with to Jeremy Smith, head of technology, security and privacy, at Zurich Global Corporate to discuss how the insurance industry is…
Marsh warns of expensive technology failures from cyber risk
Marsh has warned that companies may be overlooking the impact of technology failures from cyber risk.