Beazley Launches Cyber Resilience Services

Beazley launches new suite of risk management services to help clients build resilience and minimize cyber risk

New York, NY (Apr. 13, 2023) – Beazley, the leading specialty insurer, has launched a new package of cutting-edge complimentary cyber risk management services and tools for middle-market clients to help them improve their cyber resilience.

Focused on education and training, the new services and tools help insureds to proactively manage cyber risk and better protect their business from the harm of a cyberattack.

The new risk management offering falls into four broad categories:

  • Improving cyber resilience – employee and C-suite workshops and advice covering ransomware & compromised email risks, crisis communications & incident planning, and enterprise cybersecurity strategy advice.
  • Reducing human error – simulated phishing attack training, discounted anti-phishing tools and assessments, and C-suite business continuity planning.
  • Managing digital risks – ransomware readiness and Microsoft 365 cybersecurity assessments.
  • Discounted cybersecurity services – client discounts off a range of service providers including tailored simulated phishing attacks, phishing-resistant Multi-Factor Authentication (MFA), and C-suite advice and presentations on data security.

Paul Bantick, Global Head of Cyber Risks, Beazley, said: “Our experience shows that proactive cyber preparedness is proven to help prevent attacks, and we have designed this new package of resilience services to equip our clients with the knowledge and understanding of the cyber threat landscape and tools to help minimize the risks. At Beazley, we are committed to delivering innovative services and initiatives that respond to the ever-evolving cyber landscape; which extends from this enhanced risk management package for insureds to launching the first cyber catastrophe bond, and the development of an effective cyber war market.”

Click here for further details on the new cyber risk management offering.

About Beazley

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd’s syndicates and, in 2022, underwrote gross premiums worldwide of $5,268.7m. All Lloyd’s syndicates are rated A by A.M. Best.

Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.

Beazley’s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, cyber, property, marine, reinsurance, accident and life, and political risks and contingency business.

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SOURCE: Beazley Group

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