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“’In most instances, having standalone cyber coverage has proven to provide the most comprehensive coverage in the cyber realm’ and insurers have made an effort to eliminate so-called ‘silent’ cyber…
Read More “Insurers & Lawyers for Policy-Holders Alert for “Silent” Cyber Coverage ” »
“One company, New York-based Parametrix Insurance Services LLC, is targeting businesses hit by a cloud outage. Parametrix sells insurance specifically to mitigate the risks of downtime events, compensating businesses for…
“If Merck eventually winning seems like good news for enterprises in similar policy situations, it is — but with a caveat. The vagaries of the policy meant it took five…
The company’s Global Threat Brief H1-2022 calls out several sectors with significant risk: education, healthcare, manufacturing and utilities. As for specific attacks: “In the first half of 2022, we can…
Read More “Watch Out for SPoF Attacks in 2022, Warns CyberCube in New Report” »
Key execs: Leader of the new division is entrepreneur Bill Meara, who comes from PE player Abry Partners. He’s joined by others including Adam Abresch, EVP of Cyber Solutions and…
“New Jersey Superior Court Judge Thomas J. Walsh ruled Jan. 13 that Merck’s insurers can’t claim the war exclusion because its language is meant to apply to armed conflict. The ruling…
The start up’s website promises: “Get covered within 5 minutes.” “Baobab’s financing round was led by Project A Ventures with involvement from La Famiglia, Discovery Ventures and angel investors including…
Read More “German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round ” »
“(A) ransomware/breach prevention or recovery warranty can at least help companies ‘reduce their premiums,’ or even become eligible for coverage…” Source: Ransomware warranties offer user community another form of cyber…
Read More “Ransomware “Warranty” Offered by Rubrik; Will It Help With Cyber Insurance? ” »
Growth capital provider BGF put in $4.4 million… “The company said it has achieved a 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers…
Read More “KYND, UK Insurtech, Receives Investment from BGF” »
Keep an eye on the role of Managing General Agents/MGAs (brokers with underwriting authority from carriers), says @CyberDanBurke. “Greater adoption of MGA capacity and the willingness of traditional cyber insurance…