Insurance broker Marsh’s Cyber ECHO facility, which is underwritten by Lloyd’s insurers and enables clients to access capacity for complex cyber and technology risk exposures in any territory licensed by Lloyd’s, now provides up to $125 million of excess insurance capacity.
Marsh today announced an additional $25 million layer to its existing $100 million Cyber ECHO facility, which is available to Marsh clients globally.
Now offering up to $125 million of excess cyber insurance coverage, Cyber ECHO is the largest facility of its kind in the market.
The new layer follows the same benefits as Cyber ECHO, explains Marsh, such as optional reinstatement at pre-agreed rates in the event of a loss that erodes limits.
The single facility enables clients to take advantage of an efficient placement process and streamlined claims mechanism.
“As the severity, frequency, and financial impact of cyber threats continues to grow, organizations are seeking the broadest coverage options beyond what is available in the open market,” said Serena France-Hayhurst, UK Cyber Placement Leader, Marsh.
“The reinstatement of underlying limits and surplus capacity through Cyber ECHO’s new layer offers greater confidence and optionality to clients with increased exposures or more complex operations, as part of their overall cyber resilience efforts,” added France-Hayhurst.
