Mark Sauter

Mark Sauter's insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook "Homeland Security: a Complete Guide," Sauter was also a consultant to one of the world's largest software companies and served as a US Army Special Forces and infantry officer.

German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round 

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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 Clark, Comtravo, Gabi, Hellas Direct, Bit Capital & Ioniq and Lendable, EU-Startups reported. The new cash will be used to add employees including insurance professionals … Read more

KYND, UK Insurtech, Receives Investment from BGF

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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 and brokers, such as Beazley, Howden, Paragon and Alliant.” Source: UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF

What Does 2022 Hold for Cyber Insurance? Useful Survey, Predictions & Commentary from Woodruff Sawyer 

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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 carriers to write insurance above these MGAs in a cyber insurance tower will be an area to watch throughout 2022.” Includes commentary from Woodruff expert … Read more

What’s the Price of Reputational Damage for a Company Hit By a Major Breach? Beazley Cyber Exec Says Insurers May Find Out This Year 

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“(Beazley Head of Cyber Services Raf Sanchez) explained that this is because many incidents are notifiable not just to regulators but often must be disclosed to clients (who have inserted mandatory notification obligations into supply contracts). He also said that Beazley expects an increase in D&O claims linked to cyber-attacks in the coming year and … Read more

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