Toronto, ON (May 27, 2016) – Markel Canada, the specialist insurer, has launched a new cyber risk product designed to meet the increasing awareness of cyber threats and data security issues.
The new coverage has been specifically designed to include both cyber liability and first party coverages, for data protection, cyber risk and network interruption. Markel also offers a Privacy, Data Breach and Electronic Risk (PDE) endorsement that can be sold in conjunction with most Markel policies.
Markel’s unique solution includes integrated claims response and a cyber risk helpline provided by NetDiligence and specialist solicitors Fasken Martineau. Policyholders will have access to NetDiligence’s eRiskHub, an online portal offering up to date information and templates. Furthermore, policyholders will have access to the cyber response team at Fasken Martineau, including lawyers in every major Canadian centre, to provide expert legal and technical IT security guidance on a range of issues arising from cyber and data protection risks.
“We are excited to launch our cyber product in Canada,” said Darlene Chin, assistant vice president, life science and information technology. “We know that cyber is a growth area and we want to continue to provide a solution to brokers and their clients and remove the barriers that prevent them from buying this type of insurance. Our product is simple, cost effective and provides a unique and supportive solution.”
About Markel Canada
Markel’s operation in Canada, formerly known as ESR, has been in existence since 1966 and is highly respected for exceptional expertise and service. Built on a reputation of underwriting excellence and product knowledge, it partners with brokers to provide effective solutions for unique commercial liability needs.
Markel International Limited is a subsidiary of Markel Corporation, a US-based diverse financial holding company that trades on the New York Stock Exchange (NYSE: MKL). Markel International writes insurance and reinsurance business through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International�s insuring entities include Syndicate 3000, Markel International Insurance Company Limited and Markel Resseguradora do Brasil S.A. Markel International also manages the business of Abbey Protection plc which provides legal expenses and professional fees insurance as well as complementary legal, professional and reinsurance services. For more information please visit us at www.markelinternational.com.