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

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

US P&C mutuals double net income as underwriting turns profitable: AM Best

25 September 2026 Rate increases, improved cat results helped mutuals strengthen profitability in 2025.

AI and supply chains emerge as key links in rising systemic risk: Swiss Re, LSE

25 September 2026 Just three providers process 97% of global credit card transactions, analysis finds.

IAG settles $1.9bn Credit Suisse litigation

25 September 2026 Insurer expects recoveries to limit financial impact from settlement.

More articles

US P&C mutuals double net income as underwriting turns profitable: AM Best

AI and supply chains emerge as key links in rising systemic risk: Swiss Re, LSE

IAG settles $1.9bn Credit Suisse litigation

NormanMax parametrics bows out of buyout bid for its Lloyd’s syndicate

Gallagher's $10bn M&A war chest waits out dawdling sellers

Multi-billion dollar data centre opportunity comes with cyber accumulation warning

London and US markets compete as energy risks evolve: Amwins

Verdant Rock secures 30% quota share reinsurance treaty

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze