Marsh partners with Munich Re, Allianz, Zurich, AXIS on new cyber programme

Broker Marsh has launched a new programme, called Cyber Catalyst, that brings together a number of leading insurers to evaluate cybersecurity offerings and address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion.

Allianz, AXIS, AXA XL, Beazley, CFC Underwriting, Munich Re, Sompo International, and Zurich North America are among the initial group of insurers involved.

The participating insurers will identify and evaluate solutions they consider effective in reducing cyber risk, helping companies make more informed cybersecurity decisions.

Additionally, Microsoft will provide counsel on the products and services as a technical advisor.

“Organisations want the best possible protection against fast-evolving cyber threats, but many struggle to navigate the crowded cybersecurity marketplace,” said Thomas Reagan, US cyber practice leader at Marsh.

“With Cyber Catalyst by Marsh, our clients and other organisations can have greater confidence that they are implementing cybersecurity tools that can have a meaningful impact on reducing the cyber risks they face.”

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

More of today's news

Ransomware cyber attack costs Norway's Norsk Hydro $40m; lead insurer revealed

Lloyd’s 2018 turnaround cues up 2019 ‘evolution’ 

Ship insurer UK P&I Club gets green light for Dutch Brexit hub

Arch Capital-backed Watford expects Nasdaq listing this week

Chubb appoints new financial lines leader for Bermuda

Download our whitepaper: 'Why Automation & AI Matters For Commercial Lines'