AXIS Capital Holdings launched a new flexible management liability insurance policy targeted to privately held companies. Willis Towers Watson came out with a product designed to address cyber exposure affecting the airline industry.
AXIS Capital Holdings is now offering AXIS Privatus Platinum, a flexible management liability insurance policy designed for privately held companies.
The coverage includes an exclusive cyber and breach response coverage dubbed “PrivaSure,” plus the ability to select from up to five additional coverage areas: Management and Entity Liability, Fiduciary Liability, Employment Practices Liability, Workplace Violence and Crime. Private companies can nail down any or all coverage parts on a separate or shared-limits basis.
AXIS pitches the cover as bringing new flexibility and customization to management liability insurance. Right now, the new policy is admitted in 44 states.
Willis Towers Watson has debuted CyFly, an insurance product designed to address cyber exposure affecting the airline industry. CyFly was developed with American International Group and is available globally.
CyFly includes the following coverages specific to the airline market: