RT Specialty offering excess cyber capacity

Wholesaler RT Specialty said Thursday it is introducing a facility that offers up to $15 million in excess cyber coverage capacity per account.

RT Specialty said EmergIn Risk, a Ryan Specialty Group Inc. unit, underwrites the facility and is supported by a consortium of insurers including Aspen Insurance Holdings Inc., Coaction Specialty Insurance Group Inc. and Skyward Specialty Insurance Group. 

Jonathan Reiner, executive vice president of RT ProExec Chicago, said in the statement the capacity will be useful in supporting the cyber insurance programs of insureds with more than $1 billion in revenue.