Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the launch of Cyber Echo Encore, an enhancement to its market-leading Cyber Echo insurance facility, providing Marsh clients with the option to access up to USD 45 million in new cyber insurance capacity.

According to the press release, launched in 2016, Cyber Echo is the largest facility of its kind in the market, offering Marsh clients up to USD 125 million of cyber insurance cover. Since its launch, Cyber Echo has provided nearly USD 50 billion of cover to approximately 500 Marsh clients globally. Cyber Echo Encore expands the scope of Cyber Echo beyond the Lloyd’s market while maintaining key features such as streamlined underwriting, placement, and claims handling, as well as the ability to reinstate cover after a loss within an underwriting year.

“As cyber threats continue to grow, companies are looking for standalone cyber insurance that enables them to manage their evolving and sometimes complex risk profiles more effectively. Marsh Cyber Echo is the most successful and widely utilized cyber insurance facility in the world and we are committed to developing new solutions that help clients better manage their cyber risks. Cyber Echo Encore is a natural evolution in the provision of cyber insurance and offers clients even greater optionality and flexibility to manage their cyber insurance programs”, commented Serena France-Hayhurst, UK Cyber Placement Leader, Marsh.