Beazley, a specialist insurer, has launched CryptoGuard, a new Directors’ & Officers’ liability (D&O) insurance product tailored specifically for crypto companies – the first of its kind in the London and US markets. The coverage is intended to address the risks encountered by all types of companies operating in this developing industry at all stages… Continue reading Beazley Launches a D&O Solution for Crypto Companies
Tag: D&O Liability insurance
U.S. Court Rules Against Hartford Unit in Cyberscam Case
A federal US appeals court has reversed a lower court and ruled a Hartford Financial Services Insurance unit must indemnify a financial services company that was victimized by a scammer. In January 2015, Austin-based HM International’s (HMI) chief financial officer received an email from a fraudster purporting to be client Greg Geib, instructing the company… Continue reading U.S. Court Rules Against Hartford Unit in Cyberscam Case
Endless Boom in Blank Check Companies Is Wearing Out Insurers
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves… Continue reading Endless Boom in Blank Check Companies Is Wearing Out Insurers
Beazley Combines Cyber & Executive Risk Divisions
Beazley has announced the launch of a new division that is to be led by Mike Donovan, called Cyber & Executive Risk, launched to focus on some of the most challenging risks that businesses face around the world. The new unit combines the specialist insurer’s cyber insurance capabilities and its experience and expertise in executive… Continue reading Beazley Combines Cyber & Executive Risk Divisions