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.

Cyber Insurance Goes from “Hard to Sell” to “Hard to Buy” — What Happens When We Reach Cyber Insurance 3.0? 

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“‘Hard market’ insinuates that we’re in a cyclical market right now, but the product is only just in its adolescence,’ (Lindsey Nelson, cyber development leader at CFC Underwriting) said. ‘It’s evolving at the moment, and we’re learning as we go along to catch up with that. So, the risk has changed. The risk today is … Read more

Cyber Insurance Premiums to Spike 30% this Year, Predicts Risk Strategies — But a Silver Lining?

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2022’s increase will be on top of 50% hike in ’21, report says. “But conditions will likely improve for buyers, Risk Strategies CEO John Mina said in the report. ‘Sustained rate increases have attracted new entrants and over time underwriting capacity will expand and rate increases stabilize,’ he said.” Read the useful report here. Source: … Read more

CyberCube Wins New Partner For Broker Solution 

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Specialty insurance broker/risk management advisor TrueNorth Companies selects CyberCube’s Broking Manager platform. “(It) will allow the TrueNorth team to quantify and explain to its clients the sources and financial impact of cyber risk exposure. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and … Read more

Cyber Insurance Pure-Play Resilience Creates Captive — “Putting Its Money Where Its Mouth Is”

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“’Coming off a very successful first year in the market, this is an excellent time to put our money where our mouth is and take a share of the risks we are writing alongside our (re)insurance partners,’ he (CJ Pruzinsky, executive vice president and chief underwriting officer for North America at Resilience) said.” The Bermuda-based … Read more

Insurers & Lawyers for Policy-Holders Alert for “Silent” Cyber Coverage 

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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 coverage in other policies, said Peter A. Halprin, a partner with Pasich LLP in New York. Nevertheless, coverage can be found in property, employment practice … Read more

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