Marsh offers additional $25M layer of cyber capacity

Marsh LLC Monday announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility.

The excess coverage is underwritten by Lloyd’s of London syndicates and available to Marsh clients globally, Marsh said in a statement.

The new $25 million layer follows the same benefits as Cyber ECHO, including optional reinstatement at pre-agreed rates in the event of a loss that erodes limits.

Serena France-Hayhurst, U.K. cyber placement leader for Marsh, said in the statement that severity, frequency and financial impact of cyber threats continue to grow.

The broker launched the facility in 2016 with $50 million in capacity.