Tag: Cyber insurance

Cyber insurance platform Coalition has added Vantage, a re/insurance partner established in 2020, to its US excess cyber program through its Vantage Risk Specialty Insurance Company.

Merck has been awarded $1.4bn from Ace American Insurance after a court cause was ruled in its favour regarding the NotPetya malware outbreak from 2017.

Baobab, which bundles cybersecurity and cyber insurance services, has reportedly collected €3.5m in its pre-seed funding round.

Massachusetts-based cyber insurance firm Corvus has purchased cyber underwriting platform Tarian Underwriting for an undisclosed fee.

Measured Analytics and Insurance has introduced CyberGuard Central, a partner program aimed at offering cyber insurance to Measured’s clients.

Cyber insurance platform At-Bay has extended its Series D funding round with a further $20m raise.

While small businesses might feel they are too small to be a victim of a cyber-attack, that is not the case and cyber insurance should no longer be seen as a luxury.

Cyber insurance platform Coalition has joined the ever-growing list of FinTech unicorns, after its valuation hit $1.75bn.

Given the rise of hack attacks during the pandemic, it's hardly surprising that the need for cyber insurance is skyrocketing. Now, London may make a move to become a leader in the industry.

Cyber insurance company At-Bay has raised $34m in its Series C round, which brings its total equity raised during 2020 to $74m.