Marsh launches $30m Bermuda cyber excess facility

Global broker Marsh has launched CyberShore Bermuda, a $30m follow-form excess cyber facility designed to enhance efficiency and coverage for large clients.

CyberShore Bermuda provides up to $30 million in follow-form excess Bermuda capacity, attaching anywhere above $75 million. The facility offers what Marsh describes as a first-of-its-kind claims enhancement, allowing the lead insurer to control claims handling for faster, more consistent outcomes. Clients can also opt for affirmative cover for fines and penalties.

Sarah Carr, financial and professional and cyber placement leader, Bowring Marsh Bermuda, said: “CyberShore Bermuda represents a pioneering solution in the Bermuda cyber market, further evidencing Marsh’s ability to deliver innovative products that ensure optimal terms for clients while enhancing efficiency in capacity, coverage, and claims management.”

Meredith Schnur, US and Canada cyber practice leader, Marsh, added: “Marsh is committed to bringing new capacity and optionality to its clients when it comes to transferring their ever-evolving cyber risks to the insurance marketplace. The launch of CyberShore Bermuda closely follows the introduction of Cyber Echo Encore, Marsh’s global cyber facility, which offers clients up to $45 million in excess cyber capacity from London market insurers based outside of Lloyd’s.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.