Cyber Insurance Carriers & Brokers

$190 million C-Round for Blackpoint Cyber; Company’s Services Include Integrated Tech/Cyber Insurance Product

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The round was led by major industry investor Bain Capital Tech Opportunities and included Accel. They were joined existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners. Among other services, Blackpoint provides MDR (managed detection and response) and other technology to MSPs and offers a cyber insurance solution. From their … Read more

Cyber Experience Counts: Lori Bailey Recruited by AXIS as Head of Growth for Global Cyber and Technology

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Industry observers often write about the paucity of historical loss data to help underwrite cyber insurance. Insurtech platforms are helping close the gap by collecting massive amounts of cyber security data to help the industry catch up. Along with more data, major industry players continue to seek executives with cyber insurance expertise. AXIS’ new hire … Read more

World Dodged 100 Potentially Catastrophic Hacks Over Past 6 Years: CyberCube 

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“In a new report, CyberCube conducted an analysis of cyber cat events and documented over 100 global cyber aggregation events with catastrophic potential over the past six years – equating to approximately one every three weeks. The vast majority of those events were resolved by the cybersecurity community with minimal financial loss to insurers. However, … Read more

Cowbell Moves Upmarket with Help from Skyward

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The move expands Cowbell’s focus from companies with up to $250m revenue to those with proceeds reaching $500m. “’We continuously monitored 95% of U.S. SMEs cyber risks for the last four years and have found that there’s a massive gap in cyber protection that is overlooked for this vastly underserved market. The insurability gap for … Read more

Expect More Disclosures from Public Companies Concerning Their Cyber Insurance 

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“While many companies have already started to incorporate general disclosure of cyber liability insurance in their discussion of cyber risks, we should expect to see this continue, especially as coverage limitations and exclusions in cyber liability insurance policies may pose their own risks.” The report notes that while reporting is good, there can be too … Read more

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