19 March 2014 News

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."


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12 April 2018   Sompo CEO Global Risk Solutions Michael Chang, who was a Chubb employee from 1996 until 2016, is suing his former employer over $600,000 related to vested deferred stock awards, according to a court document filed at the US District Court for the District of New Jersey on April 11, 2018.
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10 August 2017   The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.
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29 March 2017   Ratings agency AM Best has said that Endurance Endurance Specialty Holdings’ operations will benefit from being a significant operation within a larger organisation with deep financial resources as a result of its acquisition by Sompo Holdings.

More on this story

Insurance
12 April 2018   Sompo CEO Global Risk Solutions Michael Chang, who was a Chubb employee from 1996 until 2016, is suing his former employer over $600,000 related to vested deferred stock awards, according to a court document filed at the US District Court for the District of New Jersey on April 11, 2018.
Insurance
10 August 2017   The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.
Insurance
29 March 2017   Ratings agency AM Best has said that Endurance Endurance Specialty Holdings’ operations will benefit from being a significant operation within a larger organisation with deep financial resources as a result of its acquisition by Sompo Holdings.

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