Brit Group Holdings Limited (“Brit”) is pleased to announce the launch of ‘FI Cyber Max’, a new integrated Cyber and Financial Institutions (FI) consortium.
Built for large, complex financial clients, the new consortium will bring together Brit’s experienced Cyber and FI underwriting teams to simplify placements and reduce friction where multiple lines and limits sit across fragmented programs.
The new consortium will offer up to USD $20 million of lead capacity and will deliver certainty of cover across Cyber, Professional Indemnity, Directors’ & Officers’ Liability and Crime.
FI Cyber Max policy holders will also have access to Brit’s claims and risk management services as part of the offering, ensuring consistency, speed and certainty when the need arises.
Patrick Mitchell, Class Underwriter, said: “Financial institutions face a complex risk landscape due to the type of transactions they facilitate and data they hold. FI Cyber Max will help simplify the placement process for these organisations, allowing us to reduce fragmentation and deliver coverage needed across multiple lines.”
Adam Taylor, Class Underwriter, Cyber, Privacy and Technology added: “No risk exists in isolation, and in an increasingly interconnected world there is a clear need to provide consistent and comprehensive coverage across interrelated risks. The launch of FI Cyber Max enables us to offer a flexible deployment solution across multiple lines at scale. As the cyber risk landscape continues to evolve, we’re delighted to be able to bring another consortium to the market which enables us to solve a critical need for financial institutions.”
