XL Catlin has become the latest entity in the property/casualty industry to beef up its cyber breach services in an effort to respond to customer need and demand.
The insurer said it has added a number of new computer forensic and legal resources partners to its network of breach response specialists, so clients can tap into additional resources quickly and cost effectively when cyber breaches happen.
Those new resources include Mandiant, a FireEye company that provides computer forensics services. Also added to the list to offer legal counsel after a cyber breach or attack: Hunton & Williams LLP, Venable LLP, Troutman Sanders LLP, Alston & Bird, and Davis Wright Tremaine LLP.
They are now part of a cyber breach response network at the insurer that includes a number of other computer forensics companies, credit and ID monitoring firms, attorneys and also public relations outfits.
John Coletti, chief underwriting offers for XL Catlin’s North America Cyber & Technology unit, said that the additions reflect an ongoing effort to expand its cyber breach services.
“We continue to build alliances with market-leading breach response providers to give our clients access to the most comprehensive cyber response network available in our industry,” Coletti said in prepared remarks. ”
XL Catlin’s cyber insurance offers coverage for data protection and privacy risks, both for third-party claims and first-party mitigation costs after a technology or cyber event. Coverage is tailored for businesses across a number of industries and technology companies.
Recently, Willis hired a number of executives from Marsh, Wells Fargo Insurance Services and ACE USA to help beef up its cyber risk management consulting business.
Source: XL Catlin