Cyber Insurance Pure-Play Resilience Creates Captive — “Putting Its Money Where Its Mouth Is”
“’Coming off a very successful first year in the market, this is an excellent time to put our money where our mouth is and take a share of the risks…
Insurers & Lawyers for Policy-Holders Alert for “Silent” Cyber Coverage
“’In most instances, having standalone cyber coverage has proven to provide the most comprehensive coverage in the cyber realm’ and insurers have made an effort to eliminate so-called ‘silent’ cyber…
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With IT Supply Chain Now Key Focus of Cyber Insurance, Startup Sells Coverage for Cloud Outages
“One company, New York-based Parametrix Insurance Services LLC, is targeting businesses hit by a cloud outage. Parametrix sells insurance specifically to mitigate the risks of downtime events, compensating businesses for…
What’s an “Act of War?” More Lessons from Merck’s $1.4 billion Cyber Insurance Lawsuit (Note Russia/Ukraine connection)
“If Merck eventually winning seems like good news for enterprises in similar policy situations, it is — but with a caveat. The vagaries of the policy meant it took five…
Watch Out for SPoF Attacks in 2022, Warns CyberCube in New Report
The company’s Global Threat Brief H1-2022 calls out several sectors with significant risk: education, healthcare, manufacturing and utilities. As for specific attacks: “In the first half of 2022, we can…
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Fast-Growing Fintech/Broker Acrisure Adds Cyber Services Division & Increases Focus on Cyber Insurance
Key execs: Leader of the new division is entrepreneur Bill Meara, who comes from PE player Abry Partners. He’s joined by others including Adam Abresch, EVP of Cyber Solutions and…
Unclear Language in “Act of War” Exclusion Gives Merck $1.4 Billion Cyber Insurance Victory
“New Jersey Superior Court Judge Thomas J. Walsh ruled Jan. 13 that Merck’s insurers can’t claim the war exclusion because its language is meant to apply to armed conflict. The ruling…
German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round
The start up’s website promises: “Get covered within 5 minutes.” “Baobab’s financing round was led by Project A Ventures with involvement from La Famiglia, Discovery Ventures and angel investors including…
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Ransomware “Warranty” Offered by Rubrik; Will It Help With Cyber Insurance?
“(A) ransomware/breach prevention or recovery warranty can at least help companies ‘reduce their premiums,’ or even become eligible for coverage…” Source: Ransomware warranties offer user community another form of cyber…
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KYND, UK Insurtech, Receives Investment from BGF
Growth capital provider BGF put in $4.4 million… “The company said it has achieved a 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers…
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