Cyber Insurance Investments and M&A

New York State Uses Cyber Regulations to Go After Allstate Company For Repeat Breaches

by

Weeks after New York State announced new cyber regulations, the state’s Attorney General Letitia James has filed suit over breaches suffered by car insurer National General, now owned by Allstate Insurance. “Emboldened Hackers” “National General’s weak cybersecurity emboldened hackers to steal New Yorkers’ personal data, not once but twice in two separate cyberattacks,” said James … Read more

ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report

by

Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling Hales is advising ProWriters, according to the article. ProWriters offers several categories of cyber insurance, including E&O, CGL & D&O. It generates revenue of app. … Read more

Sophos to Acquire Secureworks in $859 Million Deal, Expanding Cybersecurity Portfolio

by

As cyber threats continue to rise globally, the demand for advanced cybersecurity solutions has never been greater. Organizations of all sizes are increasingly investing in technologies that can prevent, detect, and respond to sophisticated cyberattacks, driven by a growing threat landscape and heightened geopolitical tensions. With this surging demand in mind, Sophos has announced its … Read more

Strengthening Critical Infrastructure Security: RKON Expands Cybersecurity Services

by

Recent cybersecurity incidents have highlighted vulnerabilities in critical industries like healthcare, finance, and manufacturing, where breaches can disrupt services and expose sensitive data. The increasing complexity of cyberattacks has underscored the urgent need for improved security measures, especially for critical infrastructure security. In this environment, RKON Technologies‘ latest acquisition comes at a pivotal time. RKON … Read more

Cyber Insurance Captives and ILS (Insurance-Linked Securities) Cyber Vehicles Multiply in Bermuda: BMA

by

We’ve discussed other findings from the recent Bermuda Monetary Authority (BMA) report, but we’re also struck by the increase in cyber insurance captives and cyber ILS vehicles documented by the financial regulator. The growth of Cyber Insurance Captives and Cyber ILS (Insurance-Linked Securities) is all related to the growth of reinsurance in the cyber market; … Read more

×