Validus Launches Standalone Cyber Insurance

February 7, 2018 | 0 Comments

The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. further expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage.

The solution will meet the cyber risk challenges faced by U.S. companies with revenue between $150M-$2.5B, and offer comprehensive cyber insurance protection with risk mitigation and remediation services.

“Cyber exposures change rapidly. Increasingly, businesses beyond the enterprise level understand robust cyber insurance solutions are essential to their risk management,” said Jackie Lee, ValidusSpecialty’s Vice President of Cyber Technology and Errors & Omissions, “With this product, companies will have the protection they need, complimented by extended vendor services to help navigate incidents.”

The product has been designed to provide cyber insurance protection across a range of client industries. It will be written out of ValidusSpecialty’s operations.

Jonathan Ritz, CEO of Validus Specialty added, “With this new cyber insurance product, our underwriters are meeting the needs of U.S. brokers and clients by broadening our suite of offerings yet again. I’m pleased to see this group consistently expanding; it’s a lynchpin in our insurance growth strategy.”

Jackie leads the Cyber and Technology insurance group and has over 18 years of experience in the insurance sector, primarily in cyber technology and errors & omissions [E&O]. The group includes Senior Underwriter Mary Spicer, who previously held roles at Aon Risk Services and Nationwide specializing in Cyber and E&O risks, and Underwriter Kevin Masone, who joins Validus Specialty from Nationwide.

Commenting on the team’s development, Jackie added, “As we accelerate the build-out of our capabilities in the U.S., a continued priority is applying strong underwriting talent to serve our brokers and clients. We’re pleased Kevin joined the team. He brings a depth of experience in cyber risk management.”

Learn more about Validus Specialty’s Standalone Cyber Product here.

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