The new offering provides Marsh clients with the option to access up to $45 million in additional cyber insurance capacity.
Cyber Echo Encore, underwritten by London market insurers outside of Lloyd’s, aims to provide Marsh clients worldwide with greater choice in capital and coverage, while maintaining the streamlined access and placement that Cyber Echo is known for.
Launched in 2016, the original Cyber Echo facility is the largest of its kind, offering clients up to $125 million in cyber insurance coverage. Since its inception, Cyber Echo has provided nearly $50 billion in coverage to approximately 500 Marsh clients globally.
Cyber Echo Encore expands the reach of the original facility beyond the Lloyd’s market, offering key features such as simplified underwriting, placement, and claims handling. Notably, it also maintains the ability to reinstate coverage following a loss within the underwriting year.
Serena France-Hayhurst, UK Cyber Placement Leader, Marsh, said: “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.”
She added: “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.”