Marsh launches CyberShore Bermuda facility

By Mia MacGregor

April 9 - (The Insurer) - Marsh has launched CyberShore Bermuda, an excess cyber insurance facility offering up to $30 million in follow-form excess Bermuda capacity, attaching at limits above $75 million.

The facility includes a claims enhancement feature, allowing the lead insurer to control claims handling. According to Marsh, this streamlines the process by reducing negotiation time and ensuring a faster, more consistent response.

Clients also have the option to purchase affirmative coverage for regulatory fines and penalties.

“Marsh is committed to bringing new capacity and optionality to its clients when it comes to transferring their ever-evolving cyber risks to the insurance marketplace,” said Meredith Schnur, U.S. and Canada cyber practice leader at Marsh.

The launch follows Marsh’s March announcement that it had expanded its Cyber Echo facility, which provides up to $45 million in excess cyber capacity, to include London market insurers based outside of Lloyd’s.