In this update: Marsh Mclennan picks up South Carolina agency and flood losses are on the up.

Security expert William Altman of CyberCube talks through the growth in Russian cyber activity in recent months, why wiper malware is on the rise; the reasons ransomware gangs are steering clear of US critical infrastructure but are targeting German renewables companies; and how big tech is collaborating with US intelligence agencies.

<p>An expert panel joins us to discuss what sort of services a policy should provide in aftermath of a cyber breach, how brokers can find out more about what providers offer and how corporate clients, from large multi-nationals down to SMEs in the UK, should think about cyber as a business risk.

Ahead of a production trial launch in July, David Edwards, CEO at ChainThat, talks through the reasons for launching a Risk Exchange in Bermuda rather than London, and why he thinks the platform will allow insurers to cut back on frictional costs.