Vantage Risk introduces US primary cyber insurance

Vantage Group Holdings announced that it is underwriting US primary cyber insurance through its US insurance subsidiaries, offering up to $10 million in capacity.

Driven by market demand and increasingly complex cyber risks, Vantage introduced excess cyber insurance capabilities in the US and Bermuda in 2022. Vantage’s new US primary offering is designed to protect a wide range of industries with a focus on the Technology industry sector. The primary offering brings specialized claims expertise, and attack response services in addition to a deep understanding of E&O exposures and how best to structure solutions in an evolving risk environment. Coverage is for both 1st and 3rd party costs, including technology E&O, media, network security, and privacy liability, data breach notifications and credit monitoring, forensics and investigations, business interruption, data recovery and repair, regulatory fines and penalties, and extortion threats. Vantage partners with leading specialists to offer incident response services that help insureds mitigate risk and rapidly recover from an event, including call center monitoring, forensic accounting, forensic incident response, public relations, and more.

US Cyber and E&O one of Vantage’s 10 insurance businesses, including Casualty, Construction, Financial Lines, Healthcare, Large Property, Management Liability, and Political Risk & Credit in the U.S.; and Casualty and Financial & Professional Lines in Bermuda.

“Cyber risk is rapidly evolving and demands stable, long-term partnerships for effective risk management. Our team of experts is ready to meet the opportunity head-on. We’re excited to extend our capabilities into primary cyber and provide the protection that our clients need to grow their businesses.” – Juliet White, Head of Cyber and Professions Errors & Omissions.