Marsh LLC Wednesday announced the launch of CyberShore Bermuda, an excess cyber insurance facility for Marsh clients.
CyberShore Bermuda provides up to $30 million in follow-form excess capacity attaching anywhere above $75 million, Marsh said in a statement.
Clients also have the option to purchase affirmative coverage for fines and penalties.
The facility allows the lead insurer to control claims handling.
The launch of CyberShore Bermuda comes on the heels of Marsh’s Cyber Echo Encore, a global cyber facility that offers clients up to $45 million in excess cyber capacity from London market insurers based outside of Lloyd’s.
