ActZero Security Adds Cyber Coverage From Measured Analytics and Insurance

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ActZero (which raised $40m in March) offers an MDR (managed detection and response) platform that “combines antivirus protection, endpoint detection and response. Measured Analytics and Insurance(‘s)…standalone cyber insurance product, CyberGuard, backed by Lloyd’s syndicates, is targeted at businesses with up to $500 million in revenue, and is available in all 50 states.” The partnership reflects … Read more

Coalition Launches Cyber Insurance Captive 

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Reported elsewhere: “The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from carriers including Swiss Re and Arch Insurance.” The insuretech company continues to scale at a rapid pace. “Coalition has delivered superior claims results amidst significant growth as it crosses $400M in run rate premium, an 800% … Read more

Public Finance Entities Face Challenges in Obtaining Affordable Cyber Insurance 

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“The rise of high-profile ransomware incidents in the public finance sector beginning in 2018 led entities to turn to cyber insurance as a means of risk transfer. With ransom demands generally in the five-digit range, affordable and easy-to-obtain cyber insurance helped reduce financial risk. However, with soaring ransom demands and recovery costs, insurers have adjusted premiums … Read more

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