Cyberattacks are the leading risk factor to have a ‘major impact’ over the next 12 months, insurance buye...
U.S. Cyber Insurance Maintains Strong Profits; Premium Growth Slows
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
PR / 4 days ago
Change’s Cyber Security Incident May Affect Smaller Healthcare Issuers
The cybersecurity incident at Change Healthcare, Inc., a subsidiary of UnitedHealth Group (Issuer Default Rating: A/Stable), could negatively affect the credit...
The cybersecurity incident at Change Healthcare, Inc., a subsidiary of UnitedHealth Group (Issuer Default Rating: A/Stable), could negatively affect the credit...
PR / 1 month ago
Fitch Ratings to Monitor Prudential Financial’s Cybersecurity Incident.
On Feb. 5, 2024, Prudential Financial, Inc. (Prudential) reported that it experienced a cybersecurity event starting on Feb. 4, 2024, and as of Feb. 21 the company...
On Feb. 5, 2024, Prudential Financial, Inc. (Prudential) reported that it experienced a cybersecurity event starting on Feb. 4, 2024, and as of Feb. 21 the company...
PR / 2 months ago
Fitch Ratings to Monitor First American Financial’s Cybersecurity Incident
First American Financial Corporation’s (FAF) recently disclosed cybersecurity incident is unlikely to affect the company’s ratings in the near term due to...
First American Financial Corporation’s (FAF) recently disclosed cybersecurity incident is unlikely to affect the company’s ratings in the near term due to...
PR / 4 months ago
Fidelity National Financial Cybersecurity Incident Highlights Risks, No Impact to Ratings
Consistent with the Securities and Exchange Commission’s recently promulgated cybersecurity rules on the disclosure of potentially material cyber incidents, Fidelity...
Consistent with the Securities and Exchange Commission’s recently promulgated cybersecurity rules on the disclosure of potentially material cyber incidents, Fidelity...
PR / 5 months ago
Brazilian Cyber Insurance Market Overview (Market Expansion Remains Strong as Risk Exposure Evolves)
Fitch Ratings believes that the cyber insurance market in Brazil has the potential for dramatic expansion, as this product offers...
Fitch Ratings believes that the cyber insurance market in Brazil has the potential for dramatic expansion, as this product offers...
Report / 8 months ago
Burgeoning Cyber Regs Directionally Positive But Largely Credit Neutral
Federal and state cyber regulations have begun to take effect and will require a minimum level of cyber hygiene. Patchwork regulations may add to costs,...
Federal and state cyber regulations have begun to take effect and will require a minimum level of cyber hygiene. Patchwork regulations may add to costs,...
PR / 9 months ago
US Cyber Insurance Sharp Price increases, Profit Improvement to Moderate
Cyber insurance is the fastest growing market segment in US property and casualty (P/C) insurance, with direct written premiums in up 51% yoy in 2022...
Cyber insurance is the fastest growing market segment in US property and casualty (P/C) insurance, with direct written premiums in up 51% yoy in 2022...
PR / 11 months ago
US Cyber Insurers See Favorable Premium Growth, Results in 2023
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023; however, pricing will likely moderate further this year in response to recent...
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023; however, pricing will likely moderate further this year in response to recent...
PR / 1 year ago
Recent ILS Cyber Bond Issuance Encouraging for (Re)Insurers
Two recent public announcements of cyber risk transference by (re)insurers to the capital markets through insurance-linked securities (ILS) issuances represent the potential for a broader...
Two recent public announcements of cyber risk transference by (re)insurers to the capital markets through insurance-linked securities (ILS) issuances represent the potential for a broader...
PR / 1 year ago
