Howden, the renowned global insurance group, has announced the launch of a dedicated European cyber and technology errors & omissions lineslips catering to primary businesses.
This groundbreaking product, steered by Canopius and IQUW, enjoys support from three other Lloyd’s insurance company markets, boasting limits of up to EUR 20,000,000 and an A Excellent – A.M. Best Credit Rating.
Designed to address a diverse spectrum of cyber and technology risks across 14 different countries in Europe, this product is tailored for companies with turnovers of up to €3bn.
Howden’s latest offering brings forth a comprehensive 1st and 3rd party primary Cyber & Tech E&O coverage. It encompasses insurer-led breach response capability featuring a 24/7 hotline and multilingual support, ensuring effective accommodation for diverse language needs. Moreover, clients gain access to a suite of proactive risk management services, coupled with a streamlined cyber application form for expedited processing.
Businesses situated in several European countries, including Sweden, Finland, Norway, Denmark, Iceland, France, the Netherlands, Belgium, Luxembourg, Germany, Switzerland, Spain, Italy, and Greece, are eligible to submit their risks to Howden for tailored terms.
Shay Simkin, Global Head of Cyber at Howden, expressed the rationale behind this innovative initiative, stating, “The EU Mid-Market Lineslips derived from the growing need to service European clients with meaningful capacity. We are excited to release this pioneering product into the market to help clients get the best coverage they can.”
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