Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched CyberShore Bermuda, an exclusive excess cyber insurance facility designed to provide Marsh clients with stronger protection and a streamlined experience.
CyberShore Bermuda offers up to $30 million in follow-form excess Bermuda coverage, with a threshold starting at $75 million.
The facility includes a unique claims enhancement feature, allowing the lead insurer to handle claims directly, which reduces negotiation time and ensures a quicker, more consistent response.
Additionally, clients have the option to purchase affirmative coverage for fines and penalties, further enhancing their coverage options.
Sarah Carr, Financial and Professional (FINPRO) and Cyber Placement Leader, Bowring Marsh Bermuda, added: “CyberShore Bermuda represents a pioneering solution in the Bermuda cyber market, further evidencing Marsh’s ability to deliver innovative products that ensure optimal terms for clients while enhancing efficiency in capacity, coverage, and claims management.”
Meredith Schnur, US and Canada Cyber Practice Leader, Marsh, said: “Marsh is committed to bringing new capacity and optionality to its clients when it comes to transferring their ever-evolving cyber risks to the insurance marketplace. The launch of CyberShore Bermuda closely follows the introduction of Cyber Echo Encore, Marsh’s global cyber facility, which offers clients up to $45 million in excess cyber capacity from London market insurers based outside of Lloyd’s.”
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