The Coverager Community Goes Head to Head on Cyber

Back in May, Warren Buffett said he doesn’t want Berkshire Hathaway being a leader on cyber insurance because neither he nor others in the industry really know the risk. Further, according to Bloomberg, Buffett said he’s fine with writing some cyber policies to remain competitive, but doesn’t want to be among the top three in the industry. Anyone who claims to know the base case or worst case for losses is “kidding themselves,” he said.


Enter Chubb CEO Evan Greenberg, who claims that cyber risk is insurable and that “Chubb is a large writer” of the coverage.


Enter the conflict: