Reinsurance News
Cyber insurance & reinsurance news
Cyber insurance and reinsurance news, covering the growth of cyber reinsurance underwriting, the risks faced by cyber risk insurer’s, major cyber loss events, cyber reinsurance product development and cyber risk innovation trends.
Cyber risk is an emerging and fast-growing class of insurance and reinsurance business, so our cyber reinsurance news follows industry trends and reports on innovations, industry cyber risk capacity issues, as well as what is happening in the cyber underwriting market.
Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re
15th July 2025
Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms have published key findings from a study on severe cyber accumulation events and ... Read the full article
CyberCube identifies sectors most at risk from Scattered Spider attacks
8th July 2025
CyberCube, a provider of cyber risk analytics, has identified Manufacturing, Education, IT, and Retail as the sectors most at risk of attacks from the threat actor group Scattered Spider — the group behind several recent high-profile cyber incidents, including the attack on large UK retailer Marks & Spencer (M&S). Scattered Spider ... Read the full article
Marsh launches cyber insurance facility for mid-sized organisations
26th June 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched Cyber Unity, a new insurance facility for organisations with revenues up to €500 million across the European Union, as well as Israel, Norway, Serbia, and Turkey. In a recent report, Marsh highlighted the urgent need for innovative solutions to ... Read the full article
Global executives overestimate their cyber resilience: Beazley
26th June 2025
While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it—up from 74% last year—potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley’s latest ... Read the full article
Insurance Europe calls for streamlining EU cybersecurity regulations
26th June 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, is welcoming the European Commission’s review of the Cybersecurity Act (CSA), a move aimed at simplifying regulations and easing the administrative burden on companies. Launched in April 2025, the CSA review aims to address the fast evolution of technology and ... Read the full article
Berkley Cyber Risk Solutions launches new incident responder coverage
25th June 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vacations, child or elder care, and corporate safety costs incurred by incident response teams on the front lines of ... Read the full article
Cyber reputation risk events can reduce shareholder value by 27%: Aon
17th June 2025
Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon's 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most likely to evolve into reputation risk events and which are most damaging when ... Read the full article
Cyberwrite and Markel Insurance expand partnership to advance cyber underwriting
4th June 2025
Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Markel Europe has been leveraging Cyberwrite’s AI-driven technology to help underwriters assess and model exposures more effectively, and to communicate ... Read the full article
British businesses increasingly adopting AI despite rise in cybersecurity risks: QBE
2nd June 2025
Most UK businesses are rapidly embracing Artificial Intelligence (AI), with 95% already using or looking into it, despite an increase in cyberthreats, with 80% of businesses in the country believing cyber risks are on the rise and over half (53%) having experience a cyber attack in the past year, QBE’s ... Read the full article
SFMI selects Cyberwrite to strengthen its cyber insurance capabilities
28th May 2025
Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe modelling, AI-driven real-time underwriting analytics, and broker enablement. The collaboration will reportedly focus on strengthening SFMI’s ability to assess the ... Read the full article
M&S estimates £300m hit to operating profit from recent cyberattack
21st May 2025
Large British retailer Marks & Spencer (M&S) has disclosed that the recent cyber attack is estimated to impact Group operating profit by approximately £300 million for 2025/26. As a reminder, on 22 April 2025, M&S announced it was responding to a cyber incident that had disrupted its operations. The attack is ... Read the full article
Aviva to strengthen cyber exposure management with CyberCube partnership
19th May 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, which in turn will strengthen the insurer’s cyber exposure ... Read the full article
Willis launches FinTech Plus, a global insurance solution
13th May 2025
Willis, a WTW business, has launched FinTech Plus, an insurance solution for FinTech firms navigating scale, complexity, and regulatory evolution globally. The unified solution aims to address the financial risk landscape, which includes options for comprehensive cyber protection, delivered through a single proposal form and wording to simplify the process and ... Read the full article
UK cyber insurance claims in 2024 down YOY but still up on earlier years: Marsh
12th May 2025
Cyber claims in the United Kingdom decreased by 20% in 2024 following a spike in 2023, although they remain around one-third higher than in 2020, 2021, and 2022, according to new research by Marsh, the insurance broking and risk advisor arm of Marsh McLennan. Marsh’s paper, “UK Cyber Insurance Claims Trend ... Read the full article
AXIS launches cyber and liability coverage for Canadian companies with $2bn revenue
7th May 2025
Global specialty underwriter and re/insurance provider, AXIS Capital Holdings Limited (AXIS), has launched a customisable cyber and specialist liability coverage insurance policy to Canadian companies with up to $2 billion in revenue. The policy, AXIS Cyber Technology and Miscellaneous Professional Liability (ACTM), aims to protect businesses and avoid potential gaps in ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
