Privacy liability and security liability are an increasingly important exposure for corporate risk managers to analyze, manage and mitigate. The insurance industry has responded to these risks with standalone coverages that incorporate both first and third party components including crisis management / remediation, data asset loss, privacy liability, network security liability, network extortion, regulatory defense and business interruption. To effectively manage these evolving exposures, insurers need a reinsurance partner with the experience and expertise to help.
TransRe has been supporting direct cyber exposure since 1999. We are a market leader with the breadth and depth of portfolio experience (treaty and facultative) supporting our cedants’ and their insureds across multiple industries (including technology, healthcare, retail and finance).
We have brought together underwriters from multiple lines of business as well as claims, actuarial, modeling, IT, privacy and legal experts to create a dedicated cyber unit that will structure the right protection (quota share, excess, catastrophe, clash) to support your needs.
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