A Tale of Two Disclosures: SEC Cyber Filings from MGM and Caesars After Their Recent Hacks

We’ve written extensively about the SEC regulations requiring public companies to disclose material cyber events (see full regs and legal analysis of it here.) Analysis of the legal and business ramifications of the disclosure regime have raised a number of issues, including potential conflicts between the cyber and D&O or other policies of insureds hit … Read more

Potential Insurance Conflicts Exposed by New SEC Cybersecurity Reporting Rules

We’ve reported extensively on the new SEC rules requiring disclosure of material cyber events by US public companies (see the full reg and legal analysis of it and its implications here.) The new regulatory regime is just starting. A couple recent examples are the 8K disclosures file by Caesars, relatively detailed and with what we … Read more

Europe’s First MGA for Cyber Insurance, Stoik, Raises €11 million ($10.7 million) from Blue-Chip Investors

Stoik calls itself the “first MGA in Europe to empower brokers by providing their (SME) clients with insurance policy and protection against cyber risks.” “The fresh investment will support the company’s expansion across Europe as it enters its first market field, beginning with Germany. The €10 million arrives via lead investors Munich Re Ventures, and … Read more

Arch Insurance Unveils Groundbreaking Cyber Insurance

Arch Insurance has unveiled Arch CyPro. This groundbreaking cyber insurance solution aims to proactively protect businesses in an ever-evolving landscape of cyber threats. With cyberattacks on the rise, Arch Insurance is seeking to redefine the standards for cyber insurance policies. Marilyn Marshall, Executive Vice President of Professional Liability and Cyber at Arch Insurance, emphasized the … Read more

Axis Re Joins Movement to Standalone Cyber Insurance Policies

The downside of blended insurance policies that include cyber with other coverage is well known. Blended policies can complicate underwriting and diversification and even create confusion and conflict between different types of insurance. Here’s a recent report of ours about potential conflicts between D&O and cyber insurance in light of new SEC cyber regs. Standalone … Read more

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