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.

Nexus Completes Acquisition of Evolve Cyber Insurance as Industry Players Seek Scale 

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Nexus picks up app. 3,000 broking partners. “Nexus notes that this acquisition significantly expands both its cyber insurance capabilities and market reach. It’s hoped that Evolve’s strong distribution network and experienced team of cyber experts will complement Nexus’s existing technology-enabled data-driven underwriting.” This is reported to be Nexus’ 17th acquisition since 2008. Nexus Underwriting has … Read more

White House Applies Civil War Law to Cybersecurity Industry; New Exposure for Cybersecurity Vendors, Insurers and Public Companies to Worry About

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The White House has now released its National Cybersecurity Strategy Implementation Plan to outline next steps for the strategy it first released in March. Read the update here. The update promises the feds will release by the end of the year findings on the need for and potential structure for federal involvement in cyberinsurance for … Read more

Scenarios for the Future of Cyber Insurance: Report from Conning 

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The insurance research firm considers the future of the industry, including if a catastrophic attack occurs. “(A) still immature cyber market is rocked by one or more near-term catastrophe events on a scale not previously seen, denting confidence in available cyber risk models and deterring investors from committing capital to the nascent cyber catastrophe bond … Read more

Insurance-Linked Securities Sure to Grow Alongside Broader Cyber Insurance Market: Fitch 

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Although it feels bigger to us and, no doubt, others working in the sector, cyber insurance remains a tiny fraction of total U.S. direct premium written (DPW). But cyber is growing much faster than other categories and will almost certainly require growing capital-markets support to cover systemic and tail risk. “The issuance of Beazley’s $45 … Read more

Zurich Expands Middle-Market Cyber Offering 

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“‘Many middle market companies tell us they want to improve their cyber posture but lack the staff, skill sets or access to cost-effective tools,’ said Alex Wells, Head of Middle Market at Zurich North America. ‘Cyber Concierge is here to help. In the unfortunate event of an attack, customers with the Cyber Concierge Suite don’t … Read more

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