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Effective September 1, 2021, Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, based in London. He will steer AGCS’s cyber underwriting business, reporting to Shanil Williams, Global Head of Financial Lines… Continue reading Scott Sayce joins Allianz as Global Head of Cyber
Sontiq announced the addition of Matt Cullina in the key role of head of global insurance business. Cullina joins the company from Cyberscout, a leader of cyber products and services for the insurance market which was acquired by Sontiq earlier this ye… Continue reading Matt Cullina joins Sontiq as head of global insurance business
If you develop software for a large enterprise company, chances are you’ve heard of Tricentis. If you don’t develop software for a large enterprise company, chances are you haven’t. The software testing company with a focus on modern cloud and enterprise applications was founded in Austria in 2007 and grew from a small consulting firm […] Continue reading Testing platform Tricentis acquires performance testing service Neotys
Google Cloud, Munich Re and Allianz Global Corporate Specialty (AGCS) announced the Risk Protection Program, a first-of-its-kind collaboration between a major cloud provider and leading cyber insurance companies. The Risk Protection Program is designed… Continue reading New risk protection program improves cloud security posture
External attacks on companies result in the most expensive cyber insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by number, according to a report from Allianz Global Corporate & S… Continue reading Cyber insurance claims on the rise
Allianz Global Corporate & Specialty (AGCS) announced that Thomas Kang will join as Head of Cyber in North America effective June 15, 2020. Based in New York, he will report to Paul Schiavone, North America Regional Head of Financial Lines, North … Continue reading Allianz hires Thomas Kang as Head of Cyber in North America
Effective April 1st, Ali Shahkarami (46) will be appointed as Chief Data Officer for Allianz Global Corporate & Specialty (AGCS). In this newly created position, he will be responsible for the development and the delivery of AGCS data strategy and… Continue reading Allianz Global Corporate & Specialty appoints Ali Shahkarami as Chief Data Officer
The cyber insurance industry is taking baby steps away from a long and messy infancy. For the hundreds of companies that offer policies, toddlerhood is here, and it means exerting more influence over how clients protect their networks and information. For years, headlines have fixated on how big firms like AIG and Zurich have been locked in legal disputes over specific claims, but insurers are now trying to be more proactive with customers. The smartest approach for everyone, they say, is to prevent breaches from happening in the first place. Key to that, and saving money, is trying to identify the products that are most effective. Marsh, the global insurance broker and risk adviser, last month published its first list of Cyber Catalyst-designated products, a tag given to 17 services that a group of insurance firms say its clients should consider, including offerings like FireEye’s Endpoint tool and CrowdStrike penetration testing service. Insurers for years have assessed security products, […]
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Apple and Cisco will be partnering with two insurance firms to give organizations discounts on cyber insurance policies when they use equipment from both technology companies. The two tech giants, along with Allianz SE and Aon Plc, will give companies a full suite of options for managing their cyber risk. Participants will receive cheaper insurance policies through Allianz if they use Apple’s iPhone, iPad, and Mac along with Cisco’s ransomware defense products. Enterprises also will able to undergo a “cyber resilience evaluation,” courtesy of Aon, that will assess security postures and recommend ways to improve defenses. In the event of an attack, companies will have access to Cisco and Aon’s Incident Response teams. “Organizations urgently need to be managing these risks from both the technical and the financial perspective,” said Aon Cyber Solutions CEO Jason Hogg in a statement. “We can provide customers with guidance on what cyber defenses, resources and processes to […]
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On the heels of Lemonade raising $120 million from Softbank for its new “peer-to-peer” spin on insurance services, another company aimed at disrupting the insurance market is announcing a major round of its own. Bima, a European start… Continue reading Bima raises $97M from Allianz for microinsurance aimed at emerging markets