The Source for Cyber Insurance News, Insights and Data
“Cowbell Cyber has appointed Joshua Chan as its new CTO. Chan will be joining the firm from Zimperium, where he was previously that company’s vice president of engineering.” Source: Cowbell Cyber hires new CTO – Reinsurance News
“Adam Frumkin, chief information officer at the Franklin County, Ohio, Data Center and his team answered almost 500 questions in a back-and-forth with a cyber insurance provider last year. In the end, they got coverage – but for half the amount at double the cost.” Source: Agencies confront rising cyber insurance rates – GCN
“Data in motion is the most valuable data for companies. It’s also the data that carries the most risk for network security,’ says Stephen Cardot, founder and CEO of CloudCover. ‘Cyber insurance should be proactive risk management, not proactive disaster recovery, and our Cybersecurity Network Data Insurance utilizes the data derived from the CC/B1 about a company’s cyber risk to … Read more
The cyber insurance market has now been around long enough that, to use the lingo, “native” cyber insurance pros are now climbing the career ladder. “Tresa Stephens has been promoted to regional head of cyber, tech and media in North America at Allianz Global Corporate & Specialty (AGCS) and she recently spoke to Insurance Business about her new … Read more
ILS= Insurance Linked Securities, which are financial instruments supporting retrocession, or reinsurance for reinsurers. Verisk surveyed ILS funds on their appetite for cyber insurance. “Thirteen ILS funds, representing nearly $60 billion in AuM, reported they are interested in providing cyber reinsurance protection. Most of them have never done so before. Eight of those funds — … Read more