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Home | Cyber Risk Insurer Skip to main content Cyber Risk Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Data Hub Sign in Subscribe News Digital Editions About Us Partners Subscribe Chaucer and Armilla AI launch combined cyber, tech E&O and AI liability solution Cyber catastrophe risk 'overpriced' as understanding lags reality Euclid Cyber expands Spinnaker-backed offering into US middle market Chris Methven named CyberCube CEO, succeeding Pascal Millaire Cyber insurers finding ways to streamline BI claims, repetition remains a problem: panel February 13, 2026 Improvements have been made in the cyber business interruption claims process but delays could be shortened by reducing the amount of repetition in information gathering and transmission, speakers said at a NetDiligence conference. Cyber aggregate stop-loss attachments moving towards 100% loss ratios February 13, 2026 Cyber reinsurance aggregate stop-loss attachments are moving closer to a 100% loss ratio, market representatives told The Insurer, as softening conditions and intense competition at recent renewals give cedants greater leverage on structure and pricing. Lockton: Cyber insurance rates near lower edge of sustainability February 12, 2026 Cyber insurance rates are hovering near the lower end of what insurers consider sustainable, despite a marked increase in claims and coverage, according to a cyber market update published by Lockton on Thursday. Latest Articles Cyber insurtech Cowbell launches in Australia on Zurich paper Lockton Re calls for clearer classification of AI risk Marsh: Ransomware claims drop by one-third, but data privacy breaches are a top concern for US and Canada Boxx Insurance launches new tech E&O product Former Cowbell executive Singh starts as CEO of cyber insurance platform Navasana Cyber Risk Insurer from Reuters Welcome to this month's edition of Cyber Risk Insurer, your monthly digest covering supply dynamics, pricing and loss trends, emerging risk threats, market penetration, potential public-private initiatives for cyber cat and a host of other areas. Download full edition More Articles TMK hires Guy Carpenter's Sitki as cyber reinsurance underwriter AI exclusions unlikely in cyber policies, says Cowbell's Werth Gallagher Re cyber index shows 32% reinsurance rate drop amid capacity oversupply Axis sees ‘changing,' not soft, market as casualty, cyber discipline holds into 2026 Bumble, Match, Panera Bread and CrunchBase hit by cyberattacks, Bloomberg News reports Tokio Marine HCC says cloud concentration, supply chain flaws amplified 2025 cyber losses Coalition launches private equity cyber solution AI-driven attacks, ‘synthetic identities’ set to fuel next wave of mega breaches, Experian warns Axis: AI-driven attacks top cyber threat list, but US and UK leaders differ on preparedness The Insurer TV Showing stories 1 to 3 of 20 Insurers face heightened cyberattack risk, DynaRisk warns Insurers and brokers face a higher risk of cyberattack than other financial services firms, according to analysis by cyber risk specialist DynaRisk. GC's Cordonnier: Cyber reinsurance renewals presented buyers with more choice Cyber reinsurance buyers entered the January 1 renewals with significantly more leverage than a year ago, as abundant capacity and loss-free programs opened the door to sharper pricing and alternative structures, according to Guy Carpenter's Anthony Cordonnier. Castriotta: Carrier talent is rethinking the MGA model as innovation, infrastructure and opportunity converge Former Markel executive Kelly Castriotta said her first visit to the Target Markets Program Administrators Association Summit revealed how carrier and MGA communities are converging as technology, entrepreneurship and optionality create new pathways for underwriting talent. Tokio Marine HCC’s Ingerslev sees soft cycle stability amid rising ransomware, healthcare and vendor-risk exposures The cyber insurance market has stabilized in a soft cycle but faces intensifying risks from ransomware, healthcare attacks and website tracking litigation, said Jacob Ingerslev, head of cyber technology underwriting at Tokio Marine HCC. Spectra’s von Herberstein: ‘The AAA of cyber’ – certifying MSPs to bridge insurers and the SMB security gap Spectra founder and CEO Edouard von Herberstein said the company is building the “AAA of cyber” – a certification and warranty platform that connects insurers to MSPs to give them verified insight into the small business networks that make up most of the U.S. cyber risk landscape. Ledgebrook CEO Caligaris aims to be full-stack carrier by 2027 with 'fuel in the tank' Ledgebrook has begun the application process to become a full-stack carrier by 2027, its CEO Gage Caligaris said, adding it had now raised more than $115 million and grown its headcount to 150. At-Bay 'well capitalised’ with no current need for further funding, says CEO Iram At-Bay co-founder Rotem Iram said the company has no current need for additional funding with the business “well capitalised,” while he believes current cyber rates are “lower than they should be” and expects them to rise. Mosaic's DeLong expects cyber to be its biggest line of business by end of 2025 Cyber will be Mosaic's largest business line by year-end, its newly appointed global engagement officer Yosha DeLong said, as the company pursues its ambition to be among the world's top three cyber insurers. Resilience’s Vitale ‘troubled’ by softened cyber market conditions; ‘not good for anybody’ Resilience’s Mario Vitale said he is “troubled” by softened cyber market conditions after a period of “responsibility” that led to rate hardening, acknowledging that current market conditions make it “difficult to grow,” which he said is “not good for anybody.” Cyberwrite’s Perry: Cyber catastrophe ‘definitely coming’ despite continued softening A catastrophic cyber event is “definitely coming”, according to Cyberwrite CEO Nir Perry, who said the ongoing soft market in the segment may highlight growing complacency around the risk. Wilson Elser’s Cvitanovic: New Trump administration brings uncertainty over future of breach disclosure regulations The new Trump administration could roll back breach disclosure regulations adopted in recent years, leading those in the cyber community to adopt a “wait and see” approach to advising clients, according to Wilson Elser’s Dominik Cvitanovic. CEO Howard: Pondurance dedicates 30 engineers to automation, calling it ‘critical component to success’ Pondurance CEO Doug Howard says the MDR provider has 30 engineers focused on AI and automation, which he called “a critical component to success” in cybersecurity, as he also laid out an argument for organic growth versus M&A in the cyber segment. SpearTip’s Reati says Zurich-owned firm working to pair security services with insurance Better secondary controls are needed to combat increasingly sophisticated threats like deepfake AI phone calls, according to executives from Zurich-owned security firm SpearTip. Lyra Recovery execs: Threat actors pursuing more targeted, sophisticated attacks Threat actors are ramping up their focus on more targeted cyberattacks which, despite growing sophistication, have made the breach restoration process easier, according to senior Lyra Recovery executives. Coalition’s Ram: Insurtech feels no pressure to maintain lofty but “warranted” valuation Coalition’s Shawn Ram has said that being cash flow positive since July 2022 means the insurtech feels no pressure to tee up its next liquidity event, with the $5bn valuation it achieved coming after funding conditions had already “tanked” and amid higher scrutiny. Google Cloud’s Shokrai: Cloud is safer for insurers than on-prem infrastructure Cloud providers like Google are exposed to so many types of security threats that they are capable of staving off more cyber attacks than many on-premise systems, according to Monica Shokrai, head of business risk and insurance at Google Cloud. Michael Loney introduces Cyber Risk Insurer! Ahead of today’s hotly anticipated launch of Cyber Risk Insurer, Janet Babin of The Insurer TV caught up with the editor of the new title and longstanding journalist at The Insurer, Michael Loney, on what to expect and why it’s never been more important to have a dedicated news source covering the rapidly growing cyber insurance market. Cowbell’s Le and Thompson: Threat actors heightening their focus on “quality” of data Cowbell’s chief claims officer said that threat actors are becoming more sophisticated in their attacks, now targeting the “quality” of data rather than just volume, and that social engineering threats have evolved beyond just business email compromise. CyberCube’s Millaire: Cyber modelling transformed from being “interesting” to “useful” CyberCube’s CEO Pascal Millaire said that his firm’s accurate predictions of industry loss ratios in recent years have been “proof points” in the maturity and validity of cyber modelling and said cyber models have gone from being “interesting” to being “useful”. MOXFIVE CEO: Strong incident response means giving clients a sense of “control” Cyber incident response firm MOXFIVE’s CEO said the resurgence of threat activity has created whiplash within the incident response community, and also discussed the maturation of the industry and the importance of providing clients with a feeling of “control” after a breach. Interviews & Profile Coalition mounts ‘yeoman’s effort’ to help policyholders patch ‘maximum severity’ React2Shell bug: Ram Hatzor: Parametrix to accelerate growth after fundraise, driven by data center boom and new cyber product Pioneering research makes universities prime targets for cyber attacks: Gallagher's Webster CIS-CyberAcuView tool aims to cut cyber insurance friction as SMBs struggle with controls Tokio Marine HCC’s Ingerslev sees soft cycle stability amid rising ransomware, healthcare and vendor-risk exposures Thielen: Liberty Mutual targeting ‘a more cohesive approach’ to cyber coverage Analysis & Commentary Showing stories 1 to 3 of 20 Cat bond issuance to remain active after new sponsors and risks come to market in 2025 2025 set a new record for catastrophe bond issuance with new sponsors and risks coming to market, and observers expect the sector to remain active this year because of a healthy investor base and heavy maturity schedule. Cyber Risk Insurer 2026 preview: Soft market to test carrier discipline as AI reshapes threat landscape The cyber insurance market is poised for growth, but insurers are confronting abundant capacity, falling rates and rising concern around systemic risks and artificial intelligence-driven threats. Reeves roundtable edges UK PPPs back into the spotlight Following Chancellor Rachel Reeves' recent meeting with UK specialty insurance executives to discuss sector growth, The Insurer reflects on recent conversations around the appropriate role of government intervention in the cyber insurance market. High-profile incidents bring cyber protection gap into focus Several high-profile cyber incidents in the UK and Europe this year have triggered little to no insurance recoveries, prompting concerns around the significant cyber insurance protection gap. Investors willing to back cyber cat bonds as sponsors consider renewals The role of the ILS market in upcoming cyber renewals remains unclear, with some existing cat bonds set to mature while traditional reinsurance capacity abounds. Cyber market must work together to attract new buyers Cyber reinsurance market participants should stop “stealing business” from each other and concentrate on addressing the significant protection gap, commentators said at this year’s Rendez-Vous de Septembre. Buyers’ market to continue at cyber reinsurance renewals amid green shoots of rate stabilisation Favourable conditions for cyber reinsurance buyers are expected to continue at the January renewal, with abundant capacity and improved terms for high-performing portfolios, absent a large loss event, multiple senior reinsurance market sources told The Insurer. Cyber insurance is still profitable, but for how long? Observers suggest that the cyber insurance market remains profitable, but that underwriting performance is worsening, potentially squeezing margins to a dangerous level. Chubb remains top US cyber insurer despite premium drop in 2024 New figures from AM Best show that Chubb has clung on to the top spot in the U.S. cyber insurer rankings despite its premiums falling last year and second-placed Travelers growing its business by almost 40%. UK retail cyberattacks help stabilise falling rates, increase wordings scrutiny The recent spate of cyberattacks on UK retailers may accelerate rate stabilisation for retail clients, Jelmer Andela, global commercial director for cyber at Liberty Specialty Markets, told Cyber Risk Insurer. Cyber annual growth rate of more than 10% expected for next five years While growth has slowed in recent years, the global cyber insurance market is still expected to record double-digit growth in the next five years. Beazley's bet on cyber pays off with stock re-rating Beazley’s calculated bet on cyber underwriting helped power its record result in 2024, with growth in the cyber line a crucial plank of the company’s underwriting strategy in recent years. Carriers take an inconsistent approach to non-breach privacy as claims skyrocket Speaking at the NetDiligence Cyber Risk Summit in Miami Beach in February, Garrett Koehn, chief innovation officer and president of ExecPro for CRC Group, highlighted a growing area of concern for the market. The losses the market didn’t take show value of cyber insurance The cyber market is nearing the end of the year in decent shape, with loss ratios for 2024 likely to be attractive once again. Cyber continues to attract new start-ups Cyber Risk Insurer revealed at the start of October that Euclid had hired Munich Re’s US cyber practice leader Annamaria Landaverde to launch a new cyber MGU. CrowdStrike outage could firm pricing and boost demand Cyber market observers believe that the CrowdStrike outage could lead carriers to “recalibrate their pricing”, with some even believing the incident could present a “Goldilocks scenario” where pricing and demand rise without large losses. CrowdStrike outage another wake-up call for cyber market The CrowdStrike outage has dominated the cyber insurance market’s attention since around 8.5 million PCs went offline due to a faulty update. CrowdStrike loss “manageable” despite variance in loss estimates Insured losses from the CrowdStrike outage could top $1bn but carriers appear confident they will be manageable. Analysis: Cyber insurance market reacts to CrowdStrike outage Cyber insurance market players have been reacting to the CrowdStrike outage, assessing the potential losses from the incident and warning about threat actors trying to take advantage through social engineering attacks. Insurance stocks dip as carriers scramble to assess outage exposures Travelers and AIG saw the most significant share price falls on Friday in the wake of the major Microsoft outage, which impacted an estimated 8.5 million Windows devices. Viewpoint Innovation: the soft market silver lining for cyber insurers Education needed to turn European cyber demand from abstract to tangible Cyber market getting more inclusive but more progress to be made Cyber market growth estimates are moderating MGAs under close scrutiny from reinsurers Gillin takes MD role as Aon looks to build out US cyber reinsurance practice People Moves Showing stories 1 to 3 of 20 Chris Methven named CyberCube CEO, succeeding Pascal Millaire Chris Methven has been appointed to lead cyber risk modeling and analytics company CyberCube, the firm said on Monday. Cyber insurtech Cowbell launches in Australia on Zurich paper Cowbell has entered the Australian market with a standalone cyber insurance product written on Zurich paper, the insurtech said on February 6. TMK hires Guy Carpenter's Sitki as cyber reinsurance underwriter Tokio Marine Kiln has hired Guy Carpenter's Ben Sitki as an underwriter in its cyber reinsurance solutions team, the specialist insurer said on Monday. BMS hires senior cyber broker from Gallagher Gallagher's James Pearce has joined BMS Group as a senior cyber broker in London, he announced on LinkedIn on Thursday. Exclusive: Howden launches cyber practice as US operation reaches around 800 employees Howden has launched a dedicated U.S. cyber practice, assembling a senior team across brokerage, growth strategy, client engagement, private equity and M&A, and claims, sources familiar with the matter said, as the broker continues to scale its U.S. business, which now numbers around 800 employees. Cyber talent shake-up starts the year The year has started with four prominent U.S.-based cyber heads leaving their roles as Howden hired Markel’s Lou Botticelli and Vantage Risk’s Juliet White, while Jacob Ingerslev has left Tokio Marine HCC and Boxx Insurance’s Christyn Yoast is joining CFC. Boxx's US president Yoast joins CFC as cyber talent realignment accelerates Boxx Insurance’s president of U.S. operations Christyn Yoast has exited the cyber-focused insurer to join CFC Group as global head of commercial, marking the latest senior move in a busy start to the year for cyber insurance leadership changes. Exclusive: Beazley global head of claims Diamond exits Beazley’s group chief claims and litigation officer Beth Diamond has exited the specialty insurer, the company has confirmed, marking the latest senior leadership departure to touch the cyber insurance ecosystem amid a period of heightened turnover across carrier platforms. Exclusive: Tokio Marine HCC's Ingerslev exits in latest cyber talent shake-up Tokio Marine HCC’s head of cyber and technology underwriting, Jacob Ingerslev, has exited the insurer, according to people familiar with the matter, marking the third high-profile departure of a carrier-side cyber leader in the past week. Chubb names Beazley’s Sané head of global cyber growth Chubb has appointed Jimaan Sané head of growth, global cyber, the insurer said on January 7. Exclusive: Howden adds Vantage's White as senior cyber talent build-out accelerates Howden has hired Juliet White, the head of cyber and E&O at Vantage Risk Companies, according to people familiar with the matter, marking the latest addition to a growing bench of senior cyber talent at the broker as it continues to scale its U.S. operations. Exclusive: Markel US cyber head Botticelli exiting for Howden; Melone named interim leader Markel’s head of U.S. cyber, Lou Botticelli, is leaving the insurer to join Howden’s U.S. retail operations, with Markel saying he resigned effective January 16 and that it plans to backfill the role. Marsh adds Markel's Niemczyk as cyber claims and incident response leader Joe Niemczyk has been appointed managing director of cyber claims and incident response leader at Marsh, a new position at the company. CFC names Aspen's Camara as CEO for US CFC has appointed Justin Camara as CEO for CFC US, the specialist insurance provider said. Exclusive: Corvus CEO Tadikonda to exit two years after Travelers acquisition as integration completes Corvus Insurance CEO Madhu Tadikonda is set to leave Travelers two years after the carrier’s $435 million acquisition of the cyber MGA, in a leadership transition that comes as the integration of the two organizations reaches completion, according to sources familiar with the matter. Canopius cyber underwriter exits to join law firm Canopius cyber and technology underwriter Lucy Russell is to join law firm Simmons & Simmons in its London office next year, a spokesperson for the law firm told The Insurer. Exclusive: Travelers’ Europe cyber head Waller to join Amwins-backed MGA Contour in latest exit since Corvus deal Travelers’ Europe head of cyber, Matthew Waller, has resigned to join Amwins-backed specialty lines MGA Contour, sources told this publication, marking another significant cyber departure in the past year following Travelers’ acquisition of Corvus. Marsh adds WTW’s Srail in cyber analytics and digital infrastructure role Marsh has hired former WTW executive Tom Srail as cyber analytics and digital infrastructure leader for U.S. and Canada. Westfield Specialty International names Zurich's Watson to lead cyber line Westfield Specialty International has appointed Ben Watson as class underwriter to lead its new London-based cyber team, as first reported by The Insurer. Coalition names Nubank's Fumarola as chief product officer Coalition, a U.S.-based cyber insurance and security company, has appointed former Nubank executive Frank Fumarola as chief product officer, it said on Monday. The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Reuters Products Reuters Events Reuters Events exists to deliver the intelligence and foster the relationships that shape strategy and secure the future for leading companies worldwide. 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