Latest news with #RobertGabriel
Yahoo
08-07-2025
- Business
- Yahoo
Best's Market Segment Report: AM Best Maintains Stable Outlook on Global Cyber Insurance Segment
OLDWICK, N.J., July 08, 2025--(BUSINESS WIRE)--AM Best is maintaining its stable outlook on the global cyber insurance segment, as demand for coverage remains strong and is anticipated to persist. The Best's Market Segment Report, "Market Segment Outlook: Global Cyber Insurance," states that although cyber insurance market conditions have softened since 2023, a major opportunity for market expansion still exists as awareness and adoption of cyber insurance continue to rise, particularly among small and medium-sized enterprises. Profitability is also expected to continue over the intermediate term despite ongoing competitive pressures. "Fundamentally, the market's expansion is underpinned by increasing awareness of cyber risk and the need for risk transfer solutions to protect against the growing threat of cyber crime," said Robert Gabriel, senior financial analyst, AM Best. "Heightened awareness of cyber threats also has motivated insureds to strengthen their cyber hygiene, leading to more robust defenses and swifter incident responses, which in turn has helped to reduce potential losses." Other factors underpinning the stable outlook include: Continued capital support and expansion fueled by reinsurers and, to some extent, alternative capital providers. Artificial intelligence-driven risk selection and underwriting, which builds in efficiencies. Regulatory and compliance requirements that are driving higher cyber insurance adoption. The report notes that systemic risks from large-scale cyber incidents remain a concern due to the interconnectedness of digital systems and the potential for cascading losses across industries. The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate. To access the full copy of this market segment report, please visit AM Best will host a briefing on July 23, 2025, at 11:00 a.m. EDT to discuss the state of the cyber insurance market, including evolving threats in the cyber space and how companies and insurers are working together to reduce losses. To register and learn more about the briefing, go to Additionally, the Best's Market Segment Report, "US Cyber: Pricing Cuts Bring First Ever Reduction in Direct Premiums Written," is available at AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Robert Gabriel Senior Financial Analyst +1 908 882 1789 Michael Lagomarsino, CFA, FRM Senior Director +1 908 882 1993 Valeria Ermakova Associate Director, Analytics +44 20 7397 0335 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Business Wire
08-07-2025
- Business
- Business Wire
Best's Market Segment Report: AM Best Maintains Stable Outlook on Global Cyber Insurance Segment
BUSINESS WIRE)-- AM Best is maintaining its stable outlook on the global cyber insurance segment, as demand for coverage remains strong and is anticipated to persist. The Best's Market Segment Report, 'Market Segment Outlook: Global Cyber Insurance,' states that although cyber insurance market conditions have softened since 2023, a major opportunity for market expansion still exists as awareness and adoption of cyber insurance continue to rise, particularly among small and medium-sized enterprises. Profitability is also expected to continue over the intermediate term despite ongoing competitive pressures. 'Fundamentally, the market's expansion is underpinned by increasing awareness of cyber risk and the need for risk transfer solutions to protect against the growing threat of cyber crime,' said Robert Gabriel, senior financial analyst, AM Best. 'Heightened awareness of cyber threats also has motivated insureds to strengthen their cyber hygiene, leading to more robust defenses and swifter incident responses, which in turn has helped to reduce potential losses.' Other factors underpinning the stable outlook include: Continued capital support and expansion fueled by reinsurers and, to some extent, alternative capital providers. Artificial intelligence-driven risk selection and underwriting, which builds in efficiencies. Regulatory and compliance requirements that are driving higher cyber insurance adoption. The report notes that systemic risks from large-scale cyber incidents remain a concern due to the interconnectedness of digital systems and the potential for cascading losses across industries. The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate. To access the full copy of this market segment report, please visit AM Best will host a briefing on July 23, 2025, at 11:00 a.m. EDT to discuss the state of the cyber insurance market, including evolving threats in the cyber space and how companies and insurers are working together to reduce losses. To register and learn more about the briefing, go to Additionally, the Best's Market Segment Report, 'US Cyber: Pricing Cuts Bring First Ever Reduction in Direct Premiums Written,' is available at
Yahoo
01-07-2025
- Business
- Yahoo
4 Ways Personal Loans Can Fast-Track Your Dream Home Purchase
When most people are looking to buy a home, they think of what's required to get a mortgage, and how much they'll pay each month. A personal loan typically isn't used to buy a home, as the maximum amount is typically around $100,000 to $200,000. Explore More: Check Out: But, there are some creative ways that a personal loan can help you on the homebuying journey. Here's what experts had to say. If you're looking to buy a home in the next few years, but you have debt, there is a way personal loans can help. Robert Gabriel, a financial expert and CEO of Vosita, suggested grouping high-interest debt into a personal loan to improve your debt-to-income ratio and credit utilization. 'That can boost your credit score — and lower scores mean lower mortgage rates,' Gabriel said. Read Next: A personal loan won't cover the entire cost of a house, but it definitely could cover the down payment. Sergio Aguinaga, owner and founder of Michigan Houses For Cash, suggested using a personal loan for home buyers who need a little extra cash. '[Personal loans] can help first-time buyers who have steady income but not a lot of savings to get over that final hump,' he said. Gabriel agreed. 'If you're short $5,000 on a 20% down payment, a personal loan will get you there faster, and you can avoid private mortgage insurance (PMI), which costs 0.5% to 1.5% of the loan amount every year,' he added. Aguinaga cautioned that a personal loan adds another monthly payment, so home buyers should make sure to factor that into their budget before opting for one. 'You want to be sure the monthly payment won't stretch your budget too far,' he said. 'But for the right buyer with a smart plan, it can be a powerful tool to close the deal and make the numbers work.' Some first-time home buyers might be at the end of the deal and think they have everything paid for, then they realize they have to pay closing costs. Closing costs are typically between 2% and 5% of the total home price. Gabriel said this is another way personal loans can help. 'If you're buying a $300,000 house, that's $6,000 to $15,000. A personal loan can cover these initial fees without tapping into your emergency fund,' Gabriel added. Aguinaga said a personal loan can help you make home repairs, especially if you need them immediately. 'If you're buying a fixer-upper, that's priced right but won't pass inspection without updates, a personal loan can help you act fast and handle those repairs upfront,' Aguinaga noted. Eli Pasternak, the founder of Liberty House Buying Group agreed, saying using a personal loan to make improvements will serve you in the long run. 'I think you should borrow money to paint, update fixtures and stage properly however because these changes can add $20,000 in value while only costing $8,000 to complete,' Pasternak added. More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 4 Ways Personal Loans Can Fast-Track Your Dream Home Purchase
Yahoo
24-05-2025
- Politics
- Yahoo
Trump slashing half of National Security Council staff
President Trump is slashing half of the National Security Council (NSC) staff as part of a restructuring process under Secretary of State Marco Rubio, who is also serving as the acting national security adviser. The administration is downsizing the NSC, made up of top advisers and experts tasked with advising the president on national security and foreign policy matters, by gutting around half of the current 350-person workforce, who will be transferred to other posts with the government, a White House official confirmed to The Hill on Saturday. The shrinking of the NSC, which was made official Friday, is seen by the administration as a way to streamline the process within the agency and allow for national security decision-making to accelerate. 'The right-sizing of the NSC is in line with its original purpose and the president's vision. The NSC will now be better positioned to collaborate with agencies,' Rubio said in a statement to Axios, which first reported on the shake-up. As part of the overhaul, Andy Baker and Robert Gabriel will now work as deputy national security advisers, another source familiar with the matter told The Hill on Saturday. Gabriel was an assistant to the president for policy. Baker will keep working in his post as Vice President Vance's national security adviser while adding the NSC to his portfolio. The restructuring of the NSC comes roughly three weeks after Trump tapped Rubio to replace Mike Waltz as his national security adviser on an interim basis. The president selected Waltz to be the country's next ambassador to the United Nations, a position that will require Senate confirmation. In early April, five NSC staffers were fired after Trump met at the White House with far-right activist Laura Loomer, who during the meeting questioned the aides' loyalty. 'I will continue working hard to support his agenda, and I will continue reiterating the importance of, and the necessity of STRONG VETTING, for the sake of protecting the President of the United States of America, and our national security,' Loomer said at the time. Updated at 12:09 pm. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
