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
27 March 2026   Rising nat cat, fire and cooling risks are driving insurance demand.
Insurance
27 March 2026   Liberty Brokers’ take is now at 47 employees over the past nine months.
Insurance
27 March 2026   Destructive wind footprint mirrors 2009’s Klaus, which delivered €1,6bn hit.