Sector
Cyber insurance companies
35 companies · 155 stories · $73.9M disclosed
Cover for data breaches, ransomware and business interruption from an attack, usually sold with security monitoring attached. Insurtech Daily tracks 35 companies working in cyber insurance — 12 insurtechs, 10 insurers and 5 MGAs, across 155 stories going back to Oct 14, 2024. Between them they have disclosed $73.9M across 4 funding rounds, the largest Embroker's $28M. Every figure is compiled from the coverage on this page.
This page is the companies. See the running coverage in Cyber.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| Embroker | $28M | Series B | — | FinTech Global | |
| Stoïk | $27M | Series B | — | FinTech Global+1 | |
| Baobab Insurance | $13.0Mas reported: €12M | — | — | EU-Startups | |
| Mitigata | $5.9M | Series A | — | Elets BFSI+1 |
Every round is listed with its reporting in the funding tracker, and totals across every sector in the company ranking.
Companies
| Company | Type | Market | Stories | Disclosed |
|---|---|---|---|---|
| At-Bay | Insurtech | — | 27 | — |
| AIG | Insurer | United States | 13 | — |
| Beazley | Insurer | United Kingdom | 12 | — |
| Canopius | Insurer | United Kingdom | 9 | — |
| Mosaic | Insurer | Bermuda | 9 | — |
| Cowbell | Insurtech | United States | 8 | — |
| Hiscox | Insurer | Bermuda | 7 | — |
| Aurenity | MGA | — | 6 | — |
| BOXX | Insurtech | Canada | 6 | — |
| Bloc Cyber | Broker | — | 5 | — |
| Coalition | Insurtech | United States | 5 | — |
| HDI Global | Insurer | Germany | 5 | — |
| KYND | Technology vendor | United Kingdom | 4 | — |
| Relm | Insurer | — | 4 | — |
| Rokstone | MGA | United Kingdom | 4 | — |
| CyberCube | Technology vendor | United States | 3 | — |
| Orvia | MGA | United Kingdom | 3 | — |
| Simply Business | Broker | United Kingdom | 3 | — |
| Embroker | Insurtech | United States | 2 | $28M |
| Stoïk | Insurtech | France | 2 | $27M |
| Mitigata | Insurtech | India | 2 | $5.9M |
| Envelop Risk | MGA | United Kingdom | 2 | — |
| HSB | Insurer | United States | 2 | — |
| Tokio Marine HCC | Insurer | United States | 2 | — |
| Baobab Insurance | Insurtech | Germany | 1 | $13.0M |
| Ariel Re | Reinsurer | Bermuda | 1 | — |
| Beazley Security | Technology vendor | — | 1 | — |
| BimaKavach | Insurtech | India | 1 | — |
| Coinnect | Insurtech | — | 1 | — |
| Elevate Specialty | MGA | — | 1 | — |
| Envelop | Reinsurer | United Kingdom | 1 | — |
| LevelBlue | Technology vendor | United States | 1 | — |
| OneDegree | Insurtech | Hong Kong | 1 | — |
| Resilience | Insurtech | United States | 1 | — |
| Trium Cyber | Insurer | United Kingdom | 1 | — |
Coverage
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AIG premiums rise 7% as underwriting income falls
The combined ratio rose to 91.3% from 86.8%.
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AIG tops profit forecasts even as storms take a bite out of underwriting
Investment income and broad premium growth have pushed the insurer past Wall Street’s expectations, but catastrophe have hit its US commercial book
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Hiscox grows US premiums 8.4%, starts advertising on an LLM
The carrier is advertising on an unnamed “leading” large language model.
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Hiscox AI tool cuts quote times 75% as London Market retreats
The specialist insurer’s AI submission tool is reshaping broker turnaround times as it pulls back from underpriced risks
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AIG Agrees to Acquire Everest Chile, Completes Purchase of Everest Colombia
American International Group (AIG) announced it has entered into a definitive agreement to acquire Everest Group Ltd.’s insurance subsidiary in Chile. AIG also announced the completion of its previously announced…
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AIG to acquire Everest’s Chile business, completes Colombia deal
The deals expand AIG’s commercial insurance operations in Latin America.
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Contour Underwriting taps KYND for global cyber push
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Ardonagh to bring global MGA businesses under Orvia brand
Orvia covers professional, financial, high-net-worth, marine, cyber, P&C and specialty lines.
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Ardonagh rebrands MGA operations as Orvia Underwriting, unifying $3bn in GWP
The Ardonagh Group, a large independent insurance distribution platform, has announced it will adopt the Orvia Underwriting brand across its suite of leading managing general agent (MGA) businesses. The unified platform…
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Ardonagh takes Orvia brand global with US$3bn MGA platform
Geo Underwriting, Envest and Antarah to rebrand as Orvia in a single-identity push across UK, ANZ and MENA
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Sompo Japan selects CyberCube for cyber risk analytics
The tools will help Sompo Japan assess accounts, track shared exposures and estimate losses.
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CyberCube and Blackpanda partner to bring cyber risk analytics to brokers across Asia
CyberCube, a provider of cyber risk analytics for the insurance industry, and Blackpanda, Asia’s leading cyber incident response company, have partnered to bring cyber risk analytics to brokers across Asia through…
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Coalition: AI hasn't increased cyber insurance claims yet
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AI-driven incidents will escalate in frequency once attackers find the right business model: Coalition
Cyber risk can hold flat for years, then jump sharply once attackers find a way to exploit a new technology; artificial intelligence (AI) appears to be heading down a similar path, cyber insurance specialist Coalition…
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CyberCube partners with Blackpanda in Asia
CyberCube has separately licensed Blackpanda’s aggregated, anonymized incident data for regional research.
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Aurenity hires Brian Robb to lead professional liability expansion
Robb joins from Berkshire Hathaway Specialty Insurance.
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Relm Insurance names Ankur Pandya to lead Financial Lines and Cyber portfolios
Relm Insurance, a specialist insurer serving emerging industries, has appointed Ankur Pandya as Senior Vice President – Financial Lines and Cyber as the company continues to develop its presence in the US market. Based…
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Markets/Coverages: CFC Adds Cyber Cover for SME Executives; Cowbell Brings AI Agents to Policyholders
CFC said it has added to its Cyber Proactive Response (CPR) policy, introducing a series of enhancements including: new personal protections for senior executives of small to middle sized enterprises enhanced…
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Fitch upgrades Beazley’s rating, cites strategic importance to Zurich
After Zurich Insurance Group completed its 100% acquisition of specialist insurer Beazley, Fitch Ratings has upgraded the Insurer Financial Strength (IFS) Rating of Beazley Insurance DAC to ‘AA’ from ‘A+’, and also…
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Aurenity enters cyber and tech E&O with former BHSI executive
Brian Robb brings two decades of cyber, tech E&O, and MPL underwriting experience from BHSI and CNA
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Canopius replaces QBE as Castle Insurance underwriter
Castle offers home and contents insurance through brokers and has been operating for approximately 12 months.
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Cowbell launches AI Risk Advisor for cyber policyholders
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Cowbell launches AI risk advisor for SME cyber policyholders
The tool turns each client's data into a ranked, plain-language action plan
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Rokstone launches US financial lines platform
The platform is led by James Hebert, who joins after a decade at AIG.
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Cowbell launches Risk Advisor to reduce policyholders’ cyber risk
Cowbell, a provider of AI-native cyber and specialty insurance solutions for small and medium-sized enterprises (SMEs), has launched Risk Advisor, an individualised AI agent that provides policyholders an…
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Zurich Insurance Completes Beazley Acquisition
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Zurich Insurance Group Completes Acquisition of Beazley, Names New Leadership for Insurer
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) acquisition of Lloyd’s insurer Beazley, effective Oct. 1. Beazley shares were suspended from the London Stock Exchange on Oct. 1, while delisting…
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Kristof Terryn to lead ‘world’s largest’ specialty insurance business as Beazley joins Zurich
Kristof Terryn has been appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval, following Zurich’s £8.1bn acquisition of Beazley, creating what it describes as the world’s largest specialty…
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Update: Zurich Insurance Completes Acquisition of Beazley, Names New Beazley CEO
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) of Lloyd’s insurer Beazley, effective Oct. 1. Beazley shares were suspended from the London Stock Exchange and delisting occurred on Oct. 2. Under…
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Insurance moves: CRC Group, Relm and Brown & Riding
Relm hires Chubb's Ankur Pandya to grow US financial lines and cyber, as CRC and Brown & Riding add wholesale broking talent
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Cyber insurers gain new visibility into AI exposure during underwriting: KYND
Cyber risk intelligence company KYND has introduced a new capability aimed at helping insurers identify artificial intelligence (AI) technologies across an organisation’s externally visible digital environment during…
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KYND launches AI detection tool for cyber insurance underwriting
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HSB turns smart appliance data into home insurance leads
HSB filed a SmartLeads trademark application on September 17.
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Insurance moves: Antares, HIVE, Santam Syndicate and HDI Global
HIVE hires Sompo's Richard Brown to launch property D&F as Santam Syndicate 1918 names a COO from Volante
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Beazley confirms AI-affirmative cyber insurance coverage
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Beazley builds out cyber offering as AI risks grow
London-headquartered specialist insurer Beazley has unveiled new cyber cover to support businesses in managing the risks arising from their own use of AI. The announcement follows Beazley’s recent confirmation of its…
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Hiscox USA names a new finance chief from Liberty Mutual
The hire comes as Hiscox USA continues expanding its specialty insurance platform
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Sierra Signorelli returns to AIG to lead Americas and global personal insurance
The appointment follows AIG’s announcement that General Insurance CEO Jon Hancock will retire from that role at the end of 2026 and become a senior advisor.
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Tech Update: Mosaic Launches AI-Enabled Digital Underwriting System for SMEs
Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative…
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Envelop enters casualty reinsurance with senior move as AI shapes January renewals
Stuart Dale joins as global head of casualty as the reinsurer brings its data-driven approach to a line where AI exposure is growing faster than policy wording can define it
The 40 most recent of 155 stories naming one of these companies.