Is it a nice to have or an essential? In the latest edition of the Big Question series, experts from Brit Insurance, WTW Networks, Beazley, DUAL UK, Coalition, AXA, CFC, Crawford & Company and Aon look at cyber insurance, whether it’s broken into the mainstream, and what more can be done to lift it status.
The Madrid-based insurer reported premiums of nearly €16 billion, up 5.3% from the same period in 2024. However, currency fluctuations significantly impacted growth figures, with the depreciation of major currencies including the Brazilian real, US dollar, Turkish lira, and Mexican peso. At constant exchange rates, premium growth would have reached 10.2%, the company noted in a statement.
According to researchers from Eye Security and the Shadowserver Foundation, attackers exploited a previously unknown flaw – a so-called “zero-day” – to gain unauthenticated access to vulnerable SharePoint servers. This allowed them to execute arbitrary code, impersonate services, steal credentials, and install persistent backdoors.
Trade credit insurance has become a critical risk management tool, especially in today’s uncertain trading environment. With increased insolvencies, tighter credit conditions, and evolving geopolitical risks, more businesses are looking to insure their receivables and protect cash flow.
These so-called hybrid threats include cyber intrusions, physical sabotage, and digital disinformation, often carried out through proxies or loosely affiliated criminal networks. In one high-profile incident, three British men were convicted last week of firebombing an aid storage facility in east London – an act the court linked to the Wagner Group, Russia’s notorious paramilitary outfit.
The company’s underwriting platform in the UK, previously Burns & Wilcox UK, will now operate as RB Jones UK, expanding the RB Jones brand outside North America for the first time. The underwriting portfolio includes areas such as specialty, health, hospitality, logistics, professional indemnity, retail, sports and leisure, and terrorism.
In the latest edition of the Big Question series, experts from across the insurance market look at what can be done to hang on to the industry’s best talent. Get the views of experts from AXA, Ecclesiastical, Gallagher, Winn Group, Claims Consortium Group, DUAL UK, Wiser Academy, QBE, Collinson Group, Acorn Group, iprism, Pen Underwriting, AVID Insurance Services, Zurich and McLarens.
The company reported net written premiums of $11.5 billion for the quarter ending June 30, reflecting a 4% increase from the same period last year, according to a Reuters report. Demand for property and casualty insurance has remained resilient despite ongoing economic uncertainty, as both businesses and consumers continue to seek protection against financial risks and natural disasters.
“In Australia, the inability of managers to lead change has been a significant factor contributing to employee dissatisfaction, with manager quality the top reason employees left their employers over the past year,” said Neal Woolrich, Director, Advisory in the Gartner HR practice.
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