Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

Captive Insurance Times home | Captives must maintain cyber vigilance ← You are here

[close]
Latest News
Texas captive bill ready to be signed into law
26 May 2017 | Houston
The Texas legislature has passed the state's new captive bill to allow for non-affiliated reinsurance, reciprocal captive structures Read more

KBRA hires Carol Pierce for director of insurance role
25 May 2017 | New York
Kroll Bond Rating Agency (KBRA) has named Carol Pierce as the new director of the agency’s insurance group, focusing on captives, reinsurers and alternative capital providers Read more

For more news visit our news section

Upcoming events
PARIMA 2017 Shanghai
Date: 21 June 2017
Location: Intercontinental Shanghai Pudong, Shanghai
Find out more

WRCIC conference
Date: 22-24 May
Location: Marriott City Centre, Salt Lake City
Find out more

For more events visit our event section
Industry recruitment
There are currently no jobs available
For more jobs visit our recruitment section
Captive Insurance Times
View the latest issues online now

Sister publications
Securities Lending Times
http://captiveinsurancetimes.com

Asset Servicing Times
www.assetservicingtimes.com

Real Estate Investment Times
www.realestateinvestmenttimes.com

Media pack [download]
Ad specs [download]
Latest features
A noughties hit
Feature: SACs in Bermuda, first crafted in the statute in 2000, are a useful tool for both captive and commercial insurers, says Kim Willey of ASW Law Read more

Cook Islands
Country profile: In an era of increasing uncertainty, Tamatoa Jonassen suggests that the Cook Islands can be a bridge to financial security in a captive Read more

Brian McDonagh :: Marsh Captive Solutions Dublin
Interview: Many captive owners are exploring alternative forms of capital in order to strengthen their capital base in a more efficient manner, says Brian McDonagh of Marsh Read more

For more features visit our features section
Latest news
More news
Captives must maintain cyber vigilance
13 March 2017 | New Jersey | Reporter: Mark Dugdale
Certain captive insurers and risk retention groups (RRGs) must remain vigilant against cyber threats, despite exemption from the new rules in effect in New York, according to A.M. Best.

The rating agency warned in a new briefing that it has been heightening its focus on cyber liability, which now forms part of its assessment of a company’s risk management practices.

“Understanding a company’s vulnerabilities and the safeguards to deal with potential cyber threats is a subset of A.M. Best’s view of a company’s enterprise risk management,” the rating agency explained in a foreword to the briefing.

Pure captives, industrial insured group captives and RRGs were among those exempted from the final New York State Department of Financial Services (NYDFS) cyber security rules, which went into effect on 1 March.

Exempt insurers still need to file a certificate of exemption with the NYDFS within 30 days.

The new rules require banks, insurance companies and other financial services institutions regulated by the NYDFS to establish and maintain cyber security programmes designed to protect consumers’ private data and ensure industry safety.

Requirements include conducting periodic risk assessments, maintaining a cyber security programme based on the risk assessment, complying with governance and staffing requirements, and providing regular cyber security awareness training.



Texas captive bill ready to be signed into law
The Texas legislature has passed the state's new captive bill to allow for non-affiliated reinsuranc Read more

KBRA hires Carol Pierce for director of insurance role
Kroll Bond Rating Agency (KBRA) has named Carol Pierce as the new director of the agency’s insuran Read more

Insurance and reinsurance need to adapt to thrive
Insurance and reinsurance need to learn to adapt to the challenges it is facing, Denis Kessler, chai Read more

Eddy Van Cutsem to depart Insurance Ireland
Eddy Van Cutsem is set to leave Insurance Ireland at the end of June, after taking on the role of in Read more

BEPS still causing issues for insurers
The OECD's crackdown on base erosion and profit shifting is still causing a number of issues at capt Read more

Captive Insurance Times site map
Home
Home

Sitemap

Issue archive
Back issues online
Recruitment
Recruitment
Events andtraining
Upcoming events

Upcoming training

Company info
About us

Contact us


Copyright (C) 2013 Black Knight Media Ltd. All rights reserved. No reproduction without prior authorization