tonkoshutterstock.com_2347426027
29 July 2024Insurance

CrowdStrike IT outage losses ‘unlikely to reach catastrophic levels’: Coalition CEO

The CrowdStrike IT outage is unlikely to incur major losses akin to those from natural catastrophes, chief executive of cyber insurer Coalition has said, forecasting a lower figure of losses than other preliminary estimates emerging in the market.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
24 December 2025   From London to Bermuda, the market watched exits jolt the industry, teams reshuffle and others fall into place with far less fanfare.
Insurance
22 December 2025   Brokerage complaints spin tawdry tales to frame defections as low-rent theft & espionage.
Insurance
19 December 2025   Stable coverage keeps insureds with incumbents, ‘limiting new business opportunities’.