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.

Got Cyber Insurance for Yourself? 

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[paywall may apply] AIG, Berkley One, Chubb, Cincinnati Insurance Cos., PURE Insurance and State Farm offer personal cyber insurance add-ons to homeowners/renters insurance. Stand-alone policies are also available from various carriers. “Costs can vary widely depending on the carrier, policy limits selected and what cyber events are covered by the policy. In many cases, as … Read more

Financial Sector Chafes at Cyber Insurance Costs & Requirements: Industry Report 

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“Cyber insurance will undergo an identity crisis,” says the Financial Services Information Sharing and Analysis Center (FS-ISAC), the cyber intelligence-sharing community for financial services. “(S)ome financial sector firms are beginning to reconsider cyber insurance. In some cases, premiums rise so high that firms are considering ring-fencing capital equivalent to the estimated premiums as an alternative … Read more

Damn the Cyber Torpedoes; Astaara Offers Maritime Cyber Insurance with No Terrorism Exclusion 

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“Astaara’s cyber insurance covers ports and terminals, as well as ships, shipowners and ship managers. The insurance is led by A-rated cyber insurance industry leader Axis Specialty Europe SE, with Astaara backed by significant investment from the West of England P&I Club.” Of note, Astaara’s approach to cyber terrorism: “Recent estimates show that over half … Read more

Corvus Names New President As Sector Demands Increasingly Deep Combos of Insurance/Tech Skills

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The insurance pro will also oversee data science at the firm, which like its competitors must prove able to fuse insurance industry acumen with cutting-edge technology. “(I)n his new role as President of Corvus, (Prashanth) aims to build on the strong underwriting foundation and drive profitable growth. He will oversee sales, underwriting, actuarial, data science, … Read more

A Step toward “Skinnier Cyber Insurance?” Marsh Lowers Threshold for Cyber Coverage

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For reference, our post on “Skinny Cyber Insurance” for smaller companies with limited cybersecurity resources that need to prove coverage to their supply chain partners. “’The coverage that these companies would get out of the gate will be a little bit more restricted than it would be if they had controls in place,’ (Marsh’s Susan) Young … Read more

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