Events like the CrowdStrike IT outage “are unlikely to reach catastrophic levels”: Coalition’s Motta

Share!

Reinsurance News - Jul 26, 2024

$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the CrowdStrike IT outage has been forecasted by cyber insurance provider Coalition, a low figure compared to the losses of natural catastrophe events that routinely impact the insurance industry. The IT out...

Read Full Article

Recommended Articles

HDI Global deploys advanced digital tool to transform nat cat risk analysis

Posted: Oct 06, 2025

HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (A...

Hannover Re appoints Hagen as General Manager within P&C Treaty

Posted: Oct 06, 2025

Global reinsurer Hannover Re has announced the appointment of Alexander Hagen as General Manager, ta...

Cyber insurance should complement, not replace, cybersecurity: FERMA

Posted: Oct 06, 2025

A new Federation of European Risk Management Associations (FERMA) report, produced in partnership wi...