LION Specialty

Financial Institutions, your board's cyber oversight is now under a microscope. It's no longer just an IT issue. Regulators, insurers, and shareholders are demanding more. Here's what you need to know: • Your board's cyber approach impacts your insurance • Underwriters want proof of strong board oversight • Documentation is now critical What can you do? → Strengthen your documentation practices → Prioritize board education on cyber threats → Build clear communication channels The days of delegating are over. Want to make sure your board is ready? Join 1000+ FI leaders getting our weekly insurance market insights. Plus, instant access to our D&O Protection Blueprint when you subscribe. Like this post, and we'll sign you up! #staycovered Mark Flippen Natasha I. Kiemnec, ARM

Financial institutions, are you ready for 2025? Amwins just dropped their market outlook report. We read all 58 pages so you don't have to. Here are three key takeaways: • E&S market share is at a record high • Property markets show signs of softening • Social inflation drives up casualty rates What does this mean for your institution? → Budget planning will require strategy → You may need non-standard coverage → Your broker's access is crucial How we’re advising our clients: • Review your program structure • Document your risk controls • Examine your market access Want to stay ahead of the curve? Join 1000+ FI leaders getting our weekly insurance market insights. Plus, instant access to our D&O Protection Blueprint when you subscribe. Like this post, and we'll sign you up! #staycovered Mark Flippen Natasha I. Kiemnec, ARM

serve on a board? own everything. security & controls: never delegate. your signature = your legacy In this week’s LION Specialty newsletter, we’re breaking down these three must reads: 1. Google Cloud’s new cyber report 2. AMwins 2025 market outlook 3. The KPMG regulatory update Not subscribed? Comment “newsletter,” below and we’ll get you on the distribution! ♻️ Repost for other executives P.S. each week our team reviews over 200 insurance articles and summarizes the best three for busy executives that want to stay current on the global insurance markets!

Financial Institutions: Are you playing catch-up with your insurance? Many make the costly mistake of focusing on past risks, not future ones. This leaves you vulnerable. Here's why you should care: • The risk landscape is constantly evolving • Failing to anticipate change can lead to significant losses What can you do? Monitor these vital signs: • Pricing and premium trends • Claims and legal trends • Carrier appetite and capacity Want to stay ahead of the curve? Comment "Forward" to receive our newsletter with actionable insights on anticipating insurance market shifts. P.S. here are three ways we can help you… 1) book a 1:1 call with the LION Specialty team  2) sign up for weekly global market analysis & actionable tips for financial institutions  3) get our free D&O email crash course for directors on protecting your personal assets #staycovered Mark Flippen Natasha I. Kiemnec, ARM

 Financial Institutions: Chinese state-sponsored hackers are targeting YOU. Volt Typhoon is attacking financial institutions and critical infrastructure. Here’s why you should care: • They’re using advanced techniques to bypass defenses • Regulators are watching, expecting strong cyber oversight What’s at stake? → Direct attacks on your systems → Supply chain vulnerabilities → Increased board liability Want to learn more about protecting your institution from state-sponsored cyberattacks? Comment "Cyber" to receive our newsletter. P.S. Here are three ways we can help you… 1) book a 1:1 call with the LION Specialty team  2) sign up for weekly global market analysis and actionable tips for financial institutions  3) get our free D&O email crash course for directors on protecting your personal assets #staycovered   Natasha I. Kiemnec, ARM Mark Flippen

The FDIC has been quietly cracking down on crypto. Newly uncovered “pause letters” reveal… …the agency has been pressuring banks to halt crypto activities. This raises serious questions: → What does this mean for your institution's crypto exposure? → Are your insurance policies adequate? Here's what you need to know: • The FDIC sent these letters over 14 months • They cited undefined regulatory requirements • Many documents remain heavily redacted What should you do? 1. Review your crypto exposure 2. Examine your insurance coverage 3. Update your risk management controls Want to stay ahead of the curve on crypto regulation? Comment "Crypto" to receive our newsletter with expert analysis. #staycovered Mark Flippen Natasha I. Kiemnec, ARM

Financial Institutions: Are your liability insurance costs skyrocketing? There’s a hidden force driving up prices: third-party litigation funding. Here’s what you need to know: • Investors are funding lawsuits for a cut of the settlement • This leads to more “nuclear verdicts” • Settlement dynamics have completely shifted What does this mean for your institution? → Higher liability insurance premiums → More extended and costly litigation → Greater exposure to large jury awards How can you protect your institution? Review your claims procedures now. • Strengthen your documentation processes • Consider early intervention strategies Want to learn more about combating the impact of litigation funding? Comment “Funding” to receive our latest analysis. P.S. here are three ways we can help you… 1) book a 1:1 call with the LION Specialty team 2) sign up for weekly global market analysis & actionable tips for financial institutions 3) get our free D&O email crash course for directors on protecting your personal assets #staycovered Mark Flippen Natasha I. Kiemnec, ARM

Dirty money is fueling insurance litigation costs, regulators are squeezing crypto banks, and China's cyber threats are targeting your infrastructure. In this week's LION Specialty newsletter we break down: → Why litigation funding is driving unprecedented jury awards → The FDIC's 14-month crypto crackdown revealed → How China's Volt Typhoon threatens your security → What boards need to know about emerging cyber risks Want to stay ahead of these market shifts? Like this post and comment "newsletter" - we'll make sure you get it. #staycovered Mark Flippen Natasha I. Kiemnec, ARM

Financial Institutions: Are you playing catch-up with your insurance? Many make the costly mistake of focusing on past risks, not future ones. This leaves you vulnerable. Here's why you should care: • The risk landscape is constantly evolving • Failing to anticipate change can lead to significant losses What can you do? Monitor these vital signs: • Pricing and premium trends • Claims and legal trends • Carrier appetite and capacity Want to stay ahead of the curve? Comment "Forward" to receive our newsletter with actionable insights on anticipating insurance market shifts. P.S. here are three ways we can help you… 1) book a 1:1 call with the LION Specialty team 2) sign up for weekly global market analysis & actionable tips for financial institutions 3) get our free D&O email crash course for directors on protecting your personal assets #staycovered Mark Flippen Natasha I. Kiemnec, ARM

Financial Institutions: The US government wants to stop cyber ransom payments. But insurers strongly disagree. This debate could drastically impact your cyber coverage. Why this matters: Ransomware attacks are on the rise. The government believes paying ransoms fuels cybercrime. Insurers argue it's essential for business recovery. Key takeaways from the debate: → Insurers may restrict ransom payments in policies → Expect stricter security requirements for coverage → Cyber insurance premiums are likely to increase What this means for your institution: You could face higher costs and limited coverage options. Strengthening your cybersecurity is more critical than ever. How we’re helping our clients: → Reviewing and updating cyber insurance programs → Advising on stricter security controls → Developing robust incident response plans Want to stay ahead of these changes? Comment "Cyber" to receive our newsletter with expert analysis and actionable insights. P.S. here are three ways we can help you… 1) book a 1:1 call with the LION Specialty team 2) sign up for weekly global market analysis & actionable tips for financial institutions 3) get our free D&O email crash course for directors on protecting your personal assets #staycovered Mark Flippen Natasha I. Kiemnec, ARM