“It’s not if, it’s when… cyber-crime is almost certain to affect your business, such is the onslaught of attacks from the dark web, says Oliver Wharmby.

Not a days goes by without cyber security being in the press in one way shape or form. Cyber and Cyber Crime claims are now making up more than 50 per cent of all claims in the insurance market and property professionals are by no means immune, yet the complacency around cyber liability insurance remains staggeringly high.”

(Oliver Wharmby - The Negotiator - February 2023)

“A potential recession and cyber and ESG concerns top the list of key risk trends for directors and officers in 2023, according to a new survey by Allianz Global Corporate & Specialty (AGCS).”

(Insurance Business UK - December 2022)

"The market is developing ‘realistic disaster scenarios’ to prepare for potential threats, added chief of markets

Lloyd’s chief of markets Patrick Tiernan has confirmed initial approval has been received for the market’s first standalone cyber syndicate.

During a quarterly message to the market delivered last week (22 September 2022), Tiernan said the syndicate had received initial approval and that Lloyd’s was determined to play a role in driving maturity in cyber classes."

(Insurance Times - September 2022)