New York
17 February 2017
Reporter: Becky Butcher

QBE launches new cyber risk solution


QBE North America has launched a new solution to help protect against the increasing threat of cyber intrusions.

According to QBE, cyber attacks are becoming more sophisticated, more dangerous, and more prevalent. ‘The Solution for Cyber Risk’ has been designed to address these exposures, and protect businesses in the event of a cyber incident.

Through the solution, clients can be proactive in mitigating the risk of security breaches, and respond quickly if such an event occurs.

The solution includes access to QBE’s eRiskHub portal, which helps organisations to combat cyber losses through online access to loss control expertise, risk management tools, cyber risk news and education, and breach response guidance.

Jeff Grange, president of specialty insurance at QBE North America, said: "The Solution for Cyber Risk provides a solution for the rapidly morphing, proliferating, new and emerging cyber risks that confront policyholders everyday. Beyond insurance, we provide the critical loss prevention and mitigation tools our customers need to fully ensure their security, now, and in the future."

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
R&Q completes assignment of deductible liabilities
21 September 2017 | London | Reporter: Jenna Lomax
The liabilities relate to workers’ compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier
A.M. Best affirms Eni’s captive ratings
21 September 2017 | London | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit of “a” of Eni Insurance Designated Activity Company (EID), a captive of Eni, a multinational oil and gas company based in Italy
ConocoPhillips captive ratings affirmed ‘excellent’
21 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and long-term issued credit rating of “a” of Sooner Insurance Company (Sooner), the captive insurer of ConocoPhillips
GFSC addresses Solvency II and IAIS capital standards project
20 September 2017 | St Peter Port | Reporter: Becky Butcher
The Guernsey Financial Services Commission (GFSC) has launched a discussion paper seeking the industry’s feedback on the evolution of the island’s global and European insurance capital standards
NCCIA clarifies 831(b) memo
20 September 2017 | Charlotte | Reporter: Becky Butcher
The North Carolina Captive Insurance Association has issued a statement to clarify a memo discussing the 831(b) tax election and the impact on the state’s captive insurance industry should Congress repeal the election
XL Group selects Dublin as post-Brexit location
20 September 2017 | London | Reporter: Becky Butcher
XL Group has revealed its plans to move its principal EU insurance company, XL Insurance Company, from the UK to Ireland in 2018, in response to Brexit
R&Q completes novation from Cayman captive
20 September 2017 | Cayman Islands | Reporter: Becky Butcher
Randall & Quilter (R&Q) Holdings has completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive