WTW Unveils Global CyCore Hub for Cyber and Tech E&O!

February 15, 2024
1 min read

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.

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