NetDiligence Cyber Risk Summit
Munich Re to focus on how long-tail cyber is handled in 2024 after war exclusion progress at 1.1
Pondurance CEO: MDR tools critical to mitigating lag in breach response times
Asceris’ Hess: Short-term threat actors less worried about maintaining their reputation
AscotPro head Walter describes cyber as “the new digital property”, warns on AI
Cowbell’s Le and Thompson: Threat actors heightening their focus on “quality” of data
CyberCube’s Millaire: Cyber modelling transformed from being “interesting” to “useful”
Elpha Secure’s Malin: Rise in cyber ILS transactions illustrates need for more capacity
MOXFIVE CEO: Strong incident response means giving clients a sense of “control”
JKJ’s Bretschneider: Greater “duty of care” awareness needed for email compromise
At-Bay’s Crocker: SMEs remain “target-rich environment” as insurtech touts MDR
NetDiligence highlights LatAm market at Miami Beach cyber risk conference
NetDiligence panel: New SEC cyber disclosure rules expected to increase third-party claims
Surefire CEO: Recent surge in threat activity “helpful indicator” for potential cat event
Arch’s Marshall calls for increased focus on longer-tail cyber exposures
K2 Cyber’s Hannes: New MGA starting with “blank slate” and power of existing platform
Fenix 24’s Renfrow and Grazman: Threat actors “not providing same level of service”
PierFerd’s Panensky says newly-launched law firm offers “happiness” and “freedom”
Tokio Marine’s Ingerslev: 2022 lull in cyber threat activity was “anomaly”
Sompo Intl’s DePiero: Loss development to deter cyber market from rate reductions
Corvus’ Winchester: Ransomware “back with a vengeance”
People Moves
KYND appoints Cowbell’s Singh as head of cyber
Aegis London launches cyber team with AIG’s Johnson
Newline Europe launches cyber offering led by Beckers
Cyber platform Upfort adds former At-Bay exec Sadoff as advisor
WTW adds former Everest global cyber liability head West
BMS appoints Howden’s Leahy as cyber practice divisional director
Gallagher Re names Lau Asia Pacific cyber head
Axis cyber strategy, innovation head Perkins joining cybersecurity firm Spektrum Labs
Start-up law firm Pierson Ferdinand hires cyber specialist Panensky from Marsh
Lockton Re confirms Lewis to lead cyber practice in North America
Cyber insurtech Cowbell parts ways with 28 staffers in latest push towards profitability
Vantage parts ways with Chicago-based cyber chief underwriting officer Lea
Zurich NA cyber product lead Lewis joining Lockton Re
CFC names Scor’s Tanner chief actuary
Upland adds Indigo and Validus staff to spearhead PL E&O and excess cyber moves
Analysis & Comment
Excitement about cyber ILS warranted but challenges remain
Change Healthcare attack highlights exposure to “mini-aggregated events”
GenAI a threat and opportunity
CAC’s Snyder Frenier: Carriers revisiting healthcare appetite after Change attack
Beazley eyes multi-year growth opportunity in European cyber
Cyber cedants’ appetite for QS cessions wanes as reinsurers’ hunger grows
A defining year for the cyber market
Pricing – the only way is up?
When a wunderkind grows up
No brake on cyber rate cuts in sight after Q4 ransomware activity dip
The protection gap minefield
Brokers: Cyber rate decreases may level off with risk expected to increase in ’24
Cyber reinsurance shifts in buyers’ favour at 1.1 renewals
The 12 themes of 2023 – Part 1
Geneva Association calls for public cyber backstops amid sharp rise in attacks