Endurance launches cyber offering
Endurance Specialty, a Bermuda-based provider of property and casualty re/insurance, has launched a network security and privacy offering to combat the industry’s growing cyber concerns.
Endurance Breach Assist provides insureds with comprehensive coverage in the event of a data breach, including self-funded access to tools and resources to prepare for and respond to breach events.
Douglas Worman, chief executive officer, US Insurance, said: "The launch of this new cyber liability product demonstrates Endurance's commitment to this developing risk area. Our dedicated team, which includes a number of industry leaders in this space, expects to introduce additional innovative solutions to meet the evolving network security and privacy needs of the market."
The new offering, which is an advancement of Endurance Premier Professional, is targeted for middle market clients with a focus on retail, healthcare, financial institutions and professional services firms.
Brad Gow, senior vice president, Endurance Pro, added: "With the rapid adoption of new technologies and new state and federal regulations, risk managers are seeking a comprehensive turnkey response for a potential data breach. Beyond insurance coverage, Endurance Breach Assist is an efficient and effective mechanism to mobilise industry leading technical resources in the event of an incident. The team is available to respond immediately, and will manage the event to minimise government fines and the erosion of customer goodwill."