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.

Converge Insurance Lands $15 million A-Round from Forgepoint Capital

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It’s another example of cyber insurance investment by VCs into emerging insurtech companies that aim to combine cybersecurity and insurance expertise. “This funding will enable us to expand our outreach and grow our bench of in-house experts while accelerating the availability of the Converge platform worldwide,” said Converge CEO Tom Kang in a release. “Converge … Read more

Cyber Insurance Premiums Will Resume Faster Growth Next Year: Newfront

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Insurance News reports the recent slow-down in cyber insurance rate increases may soon be over. “’All of the markets are telling us that pricing is going to go up, but no carrier has taken the plunge,’ said Jennifer Wilson, senior vice president, national cyber practice lead at Newfront,” the tech-enabled brokerage. Wilson predicted accelerated premium … Read more

Cyber Fraud Common in Mortgage Closings, But Most Banks Not Confirming Their Settlement Agents Have Cyber Insurance

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A survey of almost 50,000 mortgage settlement agents indicates wire/cyber fraud is common in the mortgage process. While most agents say they have insurance to cover the risk, they also report banks usually do not require evidence of that insurance before engaging with them. This despite the risk to lenders of losing their money in … Read more

Mosaic Lands New Cyber Head from Axis

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David Drogin becomes senior vice president and head of US cyber. Recruiting capable cyber executives remains a priority for cybersecurity insurance companies as the sector continues its rapid growth. Mosaic said the hire was intended to ramp its cyber insurance offerings. The company began offering primary cyber insurance in May 2023, building on its excess cyber … Read more

Munich Re Offers Virtual CISOs to Clients

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CyRisk provides the service, which it describes in this release as a “virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that ranges from security and vulnerability program management and incident response preparedness to privacy and regulatory guidance.” With the complexity of cybersecurity growing by the day, … Read more

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