Seven leading cyber-insurance providers have formed a new company, CyberAcuView, in a collective effort to enhance cyber-risk mitigation efforts across the insurance industry, the Insurance Journal reported. Formed by AIG, Axis, Beazley, Chubb, the Hartford, Liberty Mutual Insurance and Travelers, the new company will compile and analyze cyber-related data to enhance value and service to policyholders and help insurers sustain a competitive market for cyber insurance. With the cyber risk hazard environment — ransomware, business interruption and aggregation — worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report.