Cyber

Parametrix: New product would have responded to CrowdStrike outage

Parametrix's new Enterprise Solutions product is designed to cover "almost any type of system interruption that a company can experience" and would compensate organisations for events like the CrowdStrike outage in July, according to CEO Jonathan Hatzor.

Parametrix secures US retailer $50mn parametric AWS cloud coverage

Cyber modelling firm and MGA Parametrix and broker Aon have successfully secured $50mn of parametric coverage against cloud outage for an undisclosed US retail chain, with capacity provided by more than seven Lloyd’s carriers.

Parametric innovations seek to unlock new cyber and D&O capacity

The Insurer examines the rising profile of parametric insurance, which is increasingly being used to fill coverage gaps both for natural catastrophes and other perils.

Descartes expands parametric cyber product to Germany

Parametric specialist Descartes Insurance has expanded its cyber shutdown offering to Germany, having launched the cover for SMEs in France in February.

Blink Parametric expands cyber offering in LatAm with Buckler deal

Blink Parametric has partnered with cyber risk specialist Buckler México to support the roll-out of its Blink Cyber solution in the region.

Descartes trials inaugural parametric cyber shutdown cover for French SMEs

French parametric insurer Descartes Insurance has launched a parametric cyber insurance cover for SME corporate clients in France.

Intangic MGA’s Dodd: Shifting cyber focus to attritional can help fill coverage gap

Intangic MGA founder and CEO Ryan Dodd believes the decision to view cyber from a different perspective has enabled the newly launched firm to create a product that complements the existing market offering.

Intangic MGA launches Axa XL-backed parametric cyber cover for UK public corporations

Axa XL has provided capacity for a new London-based MGA which has launched a parametric cyber cover designed for large public corporations headquartered in the UK.

MGA Parametrix explores ILS “cloud-in-a-box” transaction for cloud outage risk

Cloud outage is the next cyber risk class ripe for ILS risk transfer as ceding (re)insurers seek protection from exposures to major sustained outages, according to cyber MGA Parametrix.