Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

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

[close]
Latest News
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules Read more

Willis Towers Watson to appoint Paul Devitt
24 May 2017 | London
Paul Devitt is set to join Willis Towers Watson as director of its global services and solutions practice in August 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
Research news
More Research
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.



Captives must maintain cyber vigilance
Certain captive insurers and risk retention groups must remain vigilant against cyber threats, despi Read more

FERMA: Drop in number of companies using captives
The number of companies using captives has fallen from 39 percent in 2014 to 34 percent in 2016, acc Read more

Risk managers rising in corporate ranks, finds FERMA
European risk managers are taking a more strategic role in their companies with increasing access to Read more

Aon sees decrease in cat bond transactions
A total of 24 catastrophe bond transactions closed during a 12-month period, ending 30 June this yea Read more

Cost and control are top drivers for captives
Control and cost savings are the primary drivers for companies with employee benefits in their capti 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