Howden launches primary cyber & tech E&O facility with Lloyd’s
Global broker Howden has launched a new primary cyber and technology errors & omissions (E&O) facility, developed in conjunction with the Lloyd’s Insurance Company.
The product is led by Canopius and IQUW with support from three other Lloyd’s insurance company markets and benefits from up to €20,000,000 limits and an 'A' AM Best Credit Rating.
The lineslips is designed for a wide range of cyber and technology risks in 14 different countries across Europe. Companies with up to €3 billion turnover will be eligible for it.
Howden said risks domiciled in the following countries can submit for terms: Sweden, Finland, Norway, Denmark, Iceland, France, The Netherlands, Belgium, Luxembourg, Germany, Switzerland, Spain, Italy, Greece.
Shay Simkin, global head of cyber, Howden, commented: “The EU Mid-Market Lineslips derived from the growing need to service European clients with meaningful capacity. We are excited to release this pioneering product into the market to help clients get the best coverage they can.”
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