Overview web link

Offering limits up to £25M

 

Designed for large organisations across multiple industry sectors

Streamlined to bring clarity and contract certainty

Key Coverages web link

Key Coverages

  • First party coverage
  • Covers malicious cyber events
  • Covers damage to physical property not covered by the property insurance policy because of a cyber exclusion
  • Optional business interruption and extra expense cover
  • Interim payments to get businesses up and running as quickly as possible
  • Forensic costs to locate the source of the cyber-attack and to contain or remove the malware

Business Interruptions

  • Optional business interruption
  • Extra Expenses
  • Expenses in producing a proof of loss including auditors’ and accountants’ fees
  • In order to cater to different industries, the cover has two indemnity options for business interruption:  Loss of Gross Profit and Reduction in Revenue

Coverage is underwritten by one or more subsidiaries of AXIS Capital Holdings Limited, whose financial strength and ratings are available at https://www.axiscapital.com/who-we-are/financial-strength-ratings. Coverage may not be available in all jurisdictions and may be available only through appropriately licensed producers.

In the United Kingdom, risks are underwritten by AXIS Managing Agency Ltd (“AMAL”) on behalf of Syndicate 1686, AXIS Energy Transition Syndicate 2050 or by AXIS Specialty Europe SE (London Branch) (“ASE London Branch”). AMAL is registered in England (Company Number: 08702952) with a registered office at 52 Lime Street, London, EC3M 7AF. AMAL is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Reference Number: 754962). AMAL manages Syndicate 1686 and AXIS Energy Transition Syndicate 2050 and is additionally subject to the supervision of the Society of Lloyd's. The Syndicates also benefits from the strength of the Lloyd's brand, its network of global licenses and the Lloyd's Chain of Security. ASE London Branch is an overseas branch of AXIS Specialty Europe SE (“ASE”). ASE is registered in Ireland (Registration Number: 353402 SE) at Sixth Floor, 20 Kildare Street, Dublin 2, Ireland. ASE is authorised and regulated by the Central Bank of Ireland. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of ASE’s regulation by the Prudential Regulation Authority are available from us on request.

In the European Economic Area, risks are underwritten by AXIS Specialty Europe SE (“ASE”) or by Lloyd’s Insurance Company S.A. (“Lloyd’s Europe”). ASE is registered in Ireland (Registration Number: 353402 SE) at Sixth Floor, 20 Kildare Street, Dublin 2, Ireland. ASE is authorised and regulated by the Central Bank of Ireland. Lloyd’s Europe is a subsidiary of Lloyd’s and is authorised by the National Bank of Belgium (NBB).