Cyber
£27bn UK cyber crime wave prompts AGCS cyber policies
Cyber crime cost the UK economy £27bn in 2012 according to figures from the Cabinet Office, and Allianz has responded with trio of new policies to protect businesses.
XL Group appoints Dennerstahl to head up professional lines
XL Group has appointed Louise Dennerstahl to head up its international professional lines business, covering Europe, Asia Pacific and Latin America.
Cyber insurance market remains untapped
A Timetric report has identified scope for expansion in the UK cyber liability insurance market – an area that currently represents 0.01% of the non-life market.
China hit by internet attack
Chinese web addresses ending in .cn went down for two hours on the morning of 25 August.
Markel launches cyber risk offering
Markel International has launched a module for professional services firms in the UK which protects against cyber risk.
BLM acquires cyber expert partner
Insurance law firm Berrymans Lace Mawer has appointed Nick Gibbons as a partner in its technology, media and telecommunications practice.
International: Entering cyberspace
Will the potential implementation of the EU Data Protection Directive lead to growth in the cyber liability market in Europe?
Miller appoints Tom Quy to cyber business team
Specialist producer and broker of cyber risks Tom Quy has joined Miller.
Europe: Subscribing to cyber
Will the potential implementation of the EU Data Protection Directive lead to growth in the cyber liability market in Europe? Carolina Parra-Serrano investigates.
Northdoor enters cyber-services partnership with 24 Lockdown
Insurance services provider Northdoor has formed an exclusive partnership with 24 Lockdown, a security and technology consultancy service in the cyber risk arena.
Interview: David Walsh: The artist
After 14 years building CFC Underwriting from a dotcom start-up to a successful MGA, founder and managing director David Walsh now sees the global market as his canvas.
Regulation needed to boost cyber take up in Europe says Horton
The introduction of European Union data breach notification legislation is needed to spur the uptake of cyber policies in Europe, according to Beazley’s chief executive Andrew Horton.
View from the Top: Environmental protection
Clean tech firms could find themselves in a mess if they fail to secure adequate cover, says Paul Skinner, segment specialist underwriter, Chubb Insurance.
'Competitive headwinds' challenge Beazley growth expectations
Beazley chief Andrew Horton believes the firm can continue to achieve profitable growth, despite the influx of new capital in the reinsurance market and broker-led quota-share agreements.
UK insurers criticised for “squandering” big data opportunity
Concerns over regulatory requirements and data security are preventing insurers from using technology to improve customer relationships and grow their businesses, an IBM survey found.
Europe's cyber market could be worth €900m by 2018 says Allianz
Allianz expects to hold a fifth of the European cyber market by 2018 and forecasts significant growth in the product line outside of the US, a board member said on Wednesday.
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?
Towers Watson appoints Frederik Koencke to head crisis management for EMEA
Frederik Koencke has been appointed as the first Towers Watson crisis management group managing director for the Europe, Middle East and Africa region.
Google under fire from EU data watchdogs
Google’s treatment of user data has come under fire from data protection watchdogs in France and Spain.
Regulators increasingly penalising cybercrime victims, says Ace
Corporate victims of cyber-crime are increasingly coming under government scrutiny, according to Iain Ainslie, cyber liability underwriter at Ace Group.
Airmic 2013: Non-disclosure tops buyer concerns
The possibility that claims may not be paid due to innocent non-disclosure is the top concern of Airmic members, research has revealed.
XL launches new products for Irish financial firms
XL Group has launched five new insurance products for financial institutions in Ireland, which they say address firm's reliance of on IT infrastructure for services and distribution.
CFC calls industry to tackle cyber crime
Underwriting agency CFC has called for the insurance industry to be aware of the regularity of cyber-attacks suffered by SMEs.
AIG tackles cyber risk via the ipad
AIG has launched an ipad CyberEdge product to help companies navigate through the challenges of cyber crime and data breaches.