Markel launches new cyber cover for businesses of all sizes

Specialist insurer Markel International has launched a new cyber policy that claims to provide insureds with all round protection against cyber risks - before, during and after a cyber attack.

The coverage, which includes third party liability and first party loss, will be provided on a stand-alone and add on basis for businesses in the UK, Europe, Canada, Asia and elsewhere.

Markel Cyber 360 will be offered across most businesses, industries and geographies with limits of up to £10 million/€15 million/$20 million per risk.

Scott Bailey, managing director, cyber, in London, said: “We are pleased and proud to launch this product, which provides valuable protection to businesses of all sizes. Markel Cyber 360 is available through a variety of distribution channels. This type of coverage is needed more than ever today.

"The Markel Cyber 360 value proposition includes enhanced and improved coverage for the risks that both small and large size businesses face today. Our customers are supported by a geographically diverse panel of cyber experts accessible by dedicated hotlines. Collectively, we can help prevent a cyber incident from happening, and, if it does, mitigate the disruption and get things back to normal.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Chubb pulls back from coal as Greenberg recognises 'reality of climate change'

Liberty Mutual’s Limestone Re heralds a return despite 'challenging ILS market'

Greenlight Re invests in travel insurance MGA Battleface

Alleghany unveils new CapSpecialty chief executive officer

Miller expands energy facultative reinsurance unit with Skuld hire