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Marsh launches catastrophic cyber policy for large companies

Marsh has launched a new cyber policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data disruption or unplanned technology outage.

By staff Writer | Updated on September 05, 2014

New York, September 4, 2014 – Marsh, a global leader in insurance broking and risk management and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), announced the launch of a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data disruption or unplanned technology outage.

Underwritten by leading cyber insurers and sold exclusively through Marsh, Cyber-CAT offers limits of more than $300 million in coverage above a minimum $100 million self-insured retention. In addition to high capacity, Cyber-CAT provides coverage over and above what standard cyber insurance policies offer including physical property damage resulting from a system failure.

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