Beazley Security has gone live as an integrated cyber risk management company following the merger, announced in February 2024, of Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone.
Beazley Security has launched with an expanded portfolio of services, including a new Managed eXtended Detection & Response (MXDR) service.
The MXDR reportedly offers clients always-on monitoring and advanced capabilities to rapidly identify and contain threats.
Beazley noted that other core offerings include a robust lineup of professional services to help clients prepare for and defend against cyber risks, as well as incident response, forensics, and restoration services should a client suffer an attack.
“With a newly expanded roster of staff and clients in the USA, Canada, UK, Germany, France, Spain, and Singapore, Beazley Security is well-positioned to provide specialized services to Beazley policyholders, while also driving organic growth outside of the Beazley client community,” Beazley added.
Paul Bantick, Global Head of Cyber Risks at Beazley, commented, “The combined power of expertise at Beazley Security will deliver long-term outperformance for our clients, enabling them to build the kind of cyber resilience which is vital in an era of accelerating cyber risk.
“Our experience of managing thousands of cyber incidents shows that organizations with integrated risk management services in place, build stronger resilience and are able to pre-empt, respond and adapt to cyber threats more effectively.”
Alton Kizziah, CEO of Beazley Security, said, “As a new type of cyber risk management company, we have spent the last year building the teams, tools, and proprietary technology needed to help clients proactively identify and address cyber threats. Should an event occur, our focus is on helping clients minimize damage and speed recovery.
“We are continually evolving and developing our services to meet the ever-changing cyber threat, and innovations, such as MXDR, are part of a powerful suite of capabilities that quickly identify and contain threats.”
