During the Geneva Association’s media call on Global Risks & Insurance, Darren Pain, Director of Cyber, highlighted his expectation for continued growth in the cyber insurance-linked securities (ILS) market, though he noted this growth is likely to be gradual due to ongoing challenges.The cyber ILS market has developed rapidly, with 2023 marking a pivotal year … Read more
Aon’s Reinsurance Solutions division has announced the hiring of Robert O’Connell as Global Cyber Strategy and Growth Leader, Executive Managing Director, a role that will see him tasked with leading on delivering value to cyber clients, including through the use of cyber insurance-linked securities (ILS).In this role, O’Connell will be tasked with leading Aon’s efforts … Read more
Kathleen Faries, CEO of Artex Capital Solutions, the insurance-linked securities (ILS) market service provider arm of Artex Risk Solutions, has emphasised a strategic focus on mergers and acquisitions, talent expansion, and building a dedicated carrier outsourcing practice heading into 2025.According to Faries, who spoke with Artemis in a recent interview, these initiatives will strengthen the … Read more
By Thomas Kerr, CFA NASDAQ:MGRM READ THE FULL MGRM RESEARCH REPORT Monogram (NASDAQ:MGRM) reported 3rd quarter 2024 financial results on November 14th which were largely in line with expectations. Research and development expenses for the quarter ending September 30, 2024 were $2.2 million compared to $2.7 million in the prior year period. The R&D decrease … Read more
According to IDC’s Worldwide Quarterly Security Appliance Tracker, total market revenue in the overall security appliance market grew 7.6% year over year in the second quarter of 2023 (2Q23) to more than US$4.2 billion. This represents a US$298 million increase compared to the same quarter in 2022. In the same period, security appliance shipments grew … Read more
