AXIS and Kennedys partner up to offer marine cyber insurance

AXIS Insurance and Kennedys Law have partnered up to offer a new AXIS marine cyber insurance product.

The product provides insurance cover for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company offices. It is underwritten and managed by the AXIS global cyber and technology team in London.

The product gives policyholders access to a network of legal and other experts to address the modern needs of shipping, amid the increasing cyber threat. It is available to all new and renewing AXIS cyber marine Insurance policies.

In conjunction with Kennedys, the new AXIS policies offer policyholders a single dedicated point of contact for reporting and claims processing, and a network of marine, legal and technical experts in any part of the world at any time. It offers a range of support services as well as online cyber security awareness training for all maritime personnel, both onshore and offshore.

Dan Trueman, global head of cyber and technology at AXIS Insurance, said: “The marine shipping insurance market dates back to the very origins of the insurance industry, and it’s under threat from one of the newest perils: cyber risk.”

Jonathan Evans, partner at Kennedys, said: “AXIS policyholders anywhere in the world at any time can access a dedicated helpline to navigate their way through a cyber incident, whether that be on land or at sea.”