PriyaPatel
TLDR:
- Global broker WTW, also known as Willis Towers Watson, has launched a new cyber and tech Errors & Omissions (E&O) facility, called the International CyCore Facility (ICF), to cover international clients with revenues up to $1 billion.
- The ICF offers up to $20 million in primary coverage with a single lead insurer and covers malicious acts, non-malicious acts, technical failures, cyber incident response costs, legal advice, IT forensics, data and cyber restoration, crisis communication costs, and business interruption cover.
- The International CyCore Facility is backed by a panel of specialized Lloyd’s syndicates, ensuring the financial strength and stability of the offering.
- The launch of the ICF comes at a time when demand for cyber and tech E&O insurance is growing rapidly among international clients.
Global broker WTW, also known as Willis Towers Watson, has launched a new cyber and tech Errors & Omissions (E&O) facility, called the International CyCore Facility (ICF), to cover international clients with revenues up to $1 billion. The ICF offers up to $20 million in primary coverage with a single lead insurer and covers malicious acts, non-malicious acts, technical failures, cyber incident response costs, legal advice, IT forensics, data and cyber restoration, crisis communication costs, and business interruption cover. The International CyCore Facility is backed by a panel of specialized Lloyd’s syndicates, ensuring the financial strength and stability of the offering. The launch of the ICF comes at a time when demand for cyber and tech E&O insurance is growing rapidly among international clients.
