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Envelop Risk continues to grow its Bermuda platform with the hiring of David Ross, the accomplished underwriter with ILS experience in both deal analytics and capital management. The MGA and cyber tech modelling company said the hiring is subject to...

Mosaic Insurance has been named “Cyber Newcomer of the Year” by insurtech and data services provider Advisen, a Zywave company. The specialty insurer was honoured as an industry top performer at the ninth annual Cyber Risk Awards in New York City. T...

About 400 local businesses attended the Cybersecurity Webinar Series. The series was designed to help them learn from experts and members of the Cybersecurity Governance Board how to keep their businesses, their computer systems, and their client inf...

The law of numbers has stymied an open call to Bermudians to participate in the next wave of revolutionary insurance from the island. Few with the right qualifications – degrees in computer science, statistics, or actuarial sciences – have applied so...

PwC’s Global Economic Crime and Fraud Survey 2022 highlights cybercrime as the biggest threat. Almost half of nearly 1,300 business leaders reported their organisations had experienced fraud or financial crime over the past two years. And 70 per cent...

A Bermuda Monetary Authority analysis has reported that the impact of cyber-risk across all industries has been heightened by globalisation, digitisation and the pandemic. The BMA said cyber is still a small three per cent of overall Bermuda gross wr...

Ascot Group, the Bermudian-based re/insurer, is to back the US primary surplus lines cyber programme of San Francisco-headquartered Coalition, through Ascot Specialty Insurance Company. Coalition said that this multiyear partnership provided it with ...

The Bermuda Monetary Authority has posted for consultation its draft new Digital Asset Business Operational Cyber Risk Management Code of Practice along with revised Digital Asset Business Custody Code of Practice and Digital Asset (Cybersecurity) Ru...

The Bermuda Reinsurance market won a measure of gratitude from one of the architects of a matrix for the financing of terrorism risks. It came from outgoing CEO of Pool Re Julian Enoizi, a key figure in the expansion of British mutual reinsurer, Pool...

Outdated war exclusion policies in the insurance industry could result in billions in losses in the event of a major cyber attack. That was the opinion of industry experts in Bridging the Cyber Coverage Gap, a panel held during the third day of the B...

Mosaic Insurance is building a cybersecurity underwriting unit in Bermuda to align its global business strategy around the fast-growing risk. The Bermudian-based specialty insurer said it had transferred its cyber team underwriter George Cole from Lo...