Chaucer Group, a global specialty insurance and reinsurance group, has launched Vanguard, a new cyber risk management and insurance solution designed to protect organisations against an increasingly complex and evolving threat landscape.
chaucer logoThe offering focuses on complex businesses across a wide range of industry sectors, with available limits of up to $15m for cyber liability and up to $30m for cyber property damage.
Piers Tuggey, head of cyber at Chaucer, said, “As the cyber threat to companies continues to evolve and become increasingly complex, so does the need for appropriate and flexible risk transfer solutions.
“Through Vanguard, Chaucer helps organisations move beyond tick-box cyber compliance and hygiene fixes, towards solutions grounded in combatting real-world, emerging cyber risks. This new policy form supports our increased focus and appetite for primary business across the globe, supported by our new team in Dubai and Chaucer’s other international hubs. I’m proud to showcase our growing team continuing to lead the way in developing technical capabilities to support our clients’ needs in a dynamic risk environment.”
In addition to the new primary wording, Chaucer offers access to a panel of partner services that complement the underwriting product. This suite of services goes beyond traditional coverage, providing proactive defence, rapid response, and strategic recovery. Partners include Bitsight, BreachBits, CrowdStrike, DeNexus, Kennedys, and Orpheus.
J. Foster Davis, COO at BreachBits, said, “BreachBits is proud to continue our innovation partnership with Chaucer by providing continuous cyber threat emulation and advanced red team testing for the Vanguard cyber insurance offering. Vanguard focuses on industrial and infrastructure sectors with Lloyd’s worldwide reach – and this aligns with our goals of helping secure critical infrastructure and high-impact businesses. Innovative initiatives like this highlight where mature security practices are fully complimentary with both risk mitigation and risk transfer.”
Jose M Seara, CEO, founder at DeNexus, added, “This partnership represents a major leap forward in how industrial organizations can understand and manage their cyber risk exposure. By combining DeNexus’ evidence-based data-driven DeRISK CRQ (Cyber Risk Quantification) and DeRISK QVM (Quantified Vulnerability Management) suite of products with Chaucer’s underwriting expertise, we are enabling a new era of risk-informed decision-making and tailored insurance coverage for operators of physical critical infrastructure.”
