No One Does Cyber Like NAS


For over 40 years, NAS has lead the industry with innovative products like NetGuard® Plus, Personal CyberPlus and NAS CyberNet® Risk Management.


But what does Cyber Strong really mean?


Check out this infographic below to see NAS by the numbers and share it with your colleagues and clients.


August, 2017

NAS Insurance Opens New York Office to Service Expanding Cyber Insurance Market


NAS Insurance today announced its expansion to New York City with the addition of Peter Hedberg as the Assistant Vice President of its Tech and Cyber Underwriting division. Hedberg’s arrival marks the growth of NAS Insurance into its 5th major metropolitan area, including headquarters in Los Angeles, and underwriting offices in Atlanta, Boston, Chicago and now New York.


“Peter is an industry veteran and the perfect addition to our rapidly growing team,” said Michael Palotay, Chief Underwriting Officer at NAS Insurance. “His expertise and leadership will be instrumental in serving our NY-area clients with innovative Tech and Cyber insurance solutions.”


In this new role, Hedberg will oversee the production of NAS’ Tech E&O and Cyber Liability business for the New York market. He will focus his efforts on managing NAS’ relationships with area producers and growing NAS’ presence in New York.


“I am so excited to join NAS’ fast-growing team,” remarked Hedberg. “Cyber is ever-changing and NAS has continually proven to be the innovation leader in the market.”


NAS Insurance is a full-service specialty insurance underwriting manager that provides innovative product development, underwriting, marketing, risk management, and claims handling services for a broad range of specialty products that are distributed as both insurance and reinsurance solutions.

June, 2017

NAS Cyber Digest Reveals Uptick in Ransomware


NAS has deep roots in cyber insurance, allowing us to quickly identify changing trends, as well as new and growing risks to businesses. Each year our cyber claims department handles over 2000 claims, gathering important data to help us better prepare for the cyber threats our clients will face in the future.


Our 2016 Cyber Digest analyzes these changing trends for both the small and medium sized businesses across a myriad of industries. Our findings this year prove that the uptick in cyber attacks show no signs of slowing down.


The Hard Facts: 

Of the 900 claims filed, ransomware events doubled for those in healthcare, and quadrupled for businesses in other sectors.


Additionally, cyber related financial fraud claims increased 8x between 2015 and 2016.


To read more of our findings, click here.

June, 2017

Place Your Cyber with NAS Online and Earn 25% Commission


NAS Insurance is excited to announce that new NetGuard® Plus Cyber orders from wholesale brokers will qualify for the 25% commission rate.


Welcome to the Summer of Cyber!!


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June, 2017

NAS Introduces Cyber Insurance for Individuals


NAS Insurance today announced the launch of a new cyber insurance product for individuals. Available as an add-on product for homeowners’ insurance policies, NAS’ Personal CyberPlus provides unique coverage for the growing cyber risks to individuals and families.


“With the increasing threat of ransomware viruses on personal computers, Smart TVs, and other internet-connected devices, we recognize the need to protect individuals from a range of cyber-related threats,” remarked Matt Sherman, NAS’ Senior Vice President of Reinsurance and Programs. “Our carrier partners, eager to meet the needs of their policyholders, are pursuing solutions that enhance their personal lines insurance offerings. Given NAS’ extensive experience in commercial cyber coverage, a personal lines cyber product is a natural extension of our expertise.”


NAS’ Personal CyberPlus goes beyond typical identity theft expense coverage to cover cyber bullying, cyber extortion, wire transfer fraud, and breach notification costs. In addition, Personal Cyber Plus covers legal expenses to defend against lawsuits alleging liability for a privacy breach or cyber bullying.


“As our lives are more connected, cyber threats are ever more present,” adds Natalie Kelly, NAS’ Senior Vice President of Claims. “Expenses incurred by victims of cyber bullying, for example, can be devastating. In addition to the emotional toll of cyber bullying, the counseling expenses, lost wages, or even the costs to switch schools can add up quickly. And, as wire transfer fraud schemes become more sophisticated, individuals are more likely to be victimized by cyber criminals and incur significant losses.”


At its core, Personal CyberPlus from NAS is a unique insurance product that provides expense reimbursement for a broad range of cyber-related threats.


NAS Insurance, a leading cyber insurance underwriter, is a full-service specialty insurance underwriting manager providing innovative solutions in product development, underwriting, marketing, risk management, and claims handling for a suite of specialty products that are distributed as both insurance and reinsurance solutions.


Click here for more information about Personal CyberPlus from NAS.

March, 2017