Markets/Coverages: Resilience Doubles Cyber Limits to $20M

Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client.

This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and transfer of cyber risk. The agreement to expand Resilience’s limit capability was brokered by Lockton Re and utilizes Resilience’s existing coverholder partnership with Lloyd’s.

Resilience previously offered $10 million in limits, on a primary or excess basis in the U.S., with an A+ AM Best-rated partner. The additional $10 million in excess limits supported by underwriters at Lloyd’s can be deployed in sequential or ventilated layers above Resilience’s existing $10 million limit capability, up to $20 million in total. The additional limits, with new coverage for technology errors and omissions (E&O) liability for U.S. organizations with up to $10 billion in revenue, adds to Resilience’s offerings.

Topics Cyber