Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Berkshire Hathaway Expands Cyber Insurance Offerings with New DACH Region Leadership and Hamburg Office

Posted on October 7, 2024October 7, 2024 By Martin Hinton

Berkshire Hathaway Specialty Insurance (BHSI) has named Thomas Pache as Head of PI/Cyber Insurance for the DACH region—covering Germany, Austria, and Switzerland—and appointed Kim Schumacher as Senior Property Underwriter. The company has also opened a new office in Hamburg to enhance its presence and build closer connections with broker partners and customers in the region.

Berkshire Hathaway Specialty Insurance (BHSI) logo, just BHSI initials

Thomas Pache, with over 30 years of experience, will lead the newly launched PI and cyber insurance lines, focusing on providing comprehensive solutions for the information technology and software sectors. Kim Schumacher, with nearly two decades in the industry, will be responsible for expanding BHSI’s Mittelstand property business across Germany.

Andreas Krause, Head of DACH, emphasized the company’s commitment to delivering expertise and solutions that meet the needs of the local market. He highlighted BHSI’s “CLAIMS IS OUR PRODUCT” philosophy, which, combined with its brand strength and experienced team, makes it a strong fit for the region.

The Hamburg office’s opening marks BHSI’s expanding footprint in the DACH region, as the company aims to provide tailored property, casualty, and executive & professional lines solutions to its growing customer base.

Source: Berkshire Hathaway Specialty Insurance Names Thomas Pache as Head of PI/Cyber Insurance, DACH Region and Kim Schumacher as Senior Property Underwriter; Opens Office in Hamburg.

Other News: Canopius Making Cyber Insurance Moves In APAC(Opens in a new browser tab).

Other News: Comcast says customer data stolen in ransomware attack on debt collection agency.

Cyber Insurance, Cyber Insurance EU Tags:Berkshire Hathaway, Berkshire Hathaway Specialty Insurance, BHSI, cyber insurance, cyber insurance in DACH, cyber insurance in europe, cyber liability insurance, DACH cyber insurance, EU, european union

Post navigation

Previous Post: Maritime Cybersecurity Strengthened by Beacon and Akimbo’s Proactive Defense Alliance
Next Post: The Price of Complacency: Only 2% of Companies Fully Implement Cyber Resilience – PWC Survey

Related Posts

  • Old Republic Launches New Cyber and Technology Insurance Subsidiary Cyber Insurance
  • “Downtime”& Digital Business Interruption Insurance Offered by Parametrix Cyber Insurance
  • Cyber Insurance News & Information Podcast -Episode #3 Cyber Insurance
  • Cloud Outages in 2024 Increased by 18%, Google Cloud Downtime Up 57% – Parametrix AI & Cyber Insurance
  • Reinsurers Face Challenges in Cyber Insurance Market  Cyber Insurance
  • HITRUST and Trium Cyber Launch New Cyber Insurance Product Cyber Insurance

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
Load More... Subscribe

Categories

  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack Cybercrime cyber crime CyberCube cyber insurace cyberinsurance cyber insurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance reinsurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • Axa XL Steps up to Cyber Insurance Challenge with New Cyber Insurance Endorsement Cyber Insurance
    • Schools Slammed By Cyber Attacks, Struggle to Qualify for Affordable Cyber Insurance  Cyber Insurance Best Practices
    • Cyber Insurers Try to Plan for “Catastrophic Events:” WSJ Cyber Insurance Best Practices
    • SecurityScorecard and KPMG in Canada Partner to Improve Cybersecurity for Critical Sectors Cybersecurity
    • New SEC Rule Requires Companies to Report Cyber Incidents, FBI Offers Guidance on Delaying Disclosure Cyber Regulations
    • Can Microsoft Exchange Server Be A “Pre-Existing Condition” For Cyber Insurers?   Cyber Insurance
    • Increase in Back-Ups Leading Ransomware Attackers to Exortion Rather Than Just Denial  Cyber Insurance Best Practices
    • Rhu-row — Cyber Insurance May Not Cover “Phishing” Fund Diversion Scams  Cyber Insurance

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme