Cyber

Australia: ASIC report reveals significant concerns around third-party cyber risks

November 13 2023

A 2023 survey conducted by ASIC reveals considerable cyber security weaknesses in Australian businesses, prompting a rally call from the regulator for improved cyber practices.

Aspen promotes Edward Hart to International Head of Cyber

November 10 2023

Hart only joined Aspen in February, but has quickly stamped his mark on the specialty (re)insurer.

Arch Insurance launches Australian Cyber practice; Rachel Green named national underwriting manager

November 9 2023

Green moves from Chubb, where was major accounts segment leader for cyber and technology.

marsh-report-shows-plateau-in-asia-pricing-amid-24th-consecutive-quarterly-increase-globally

Marsh: Asia pricing plateaus amid 24th consecutive quarterly global increase

November 7 2023

The Global Insurance Market Index indicates that composite insurance pricing in Asia has remained unchanged, with a 2% rise in property insurance and 2% decrease in casualty.

Cyber insurer Coalition launches down under, with Allianz Australia providing capacity

November 7 2023

US-headquartered Coalition expands into Australia, partnering with Allianz Australia to target businesses with annual turnover up to US$2bn.

Financial and professional lines temper Pacific composite insurance pricing

November 7 2023

Marsh's Global Insurance Market Index shows that D&O in the Pacific fell by over 15% for some insureds, as capacity and competition increased.

Peak Re: Indian middle class willing to pay the most for cyber cover

November 6 2023

India's burgeoning middle class emerges as most willing to pay for cyber across emerging Asian markets, with mental health also a rising concern.

mst-marsh-joint-venture-targets-mid-to-large-japanese-corporate

Marsh and MST Insurance Service launch joint venture in Japan: Report

October 27 2023

MST Marsh will offer specialist knowledge in commercial business lines, focusing on corporate with annual turnover between ¥30bn and ¥200bn (US$200m - US$1.3bn).

cyber-marine-and-trade-credit-on-the-agenda-as-hong-kong-looks-to-ramp-up-extreme-weather-capability

Marine, trade and cyber on Hong Kong agenda, with SAR also looking to ramp up extreme weather capability

October 26 2023

In his 2023 policy address, Hong Kong Chief Executive John Lee announced a series of measures that are likely to be impactful on the insurance industry, including the acceleration of a HK$8 bn (US$1.02...