CHICAGO (October 3, 2023) – Leading global specialty lines (re)insurer Canopius Group is proud to be at the forefront of the cyber insurance industry with the introduction of its fully redesigned primary cyber coverage offering. Amidst the challenges posed by cyber threats, including ransomware claims, Canopius is setting itself apart through its robust capacity and commitment to underwriting unique risks and offering primary coverage.
Canopius’ cyber primary form sets a new market standard in both wording and flexibility, showcasing their commitment to providing personalized solutions and covering specific risks with tailored policies. By encompassing a comprehensive array of coverage components, this form empowers clients with bespoke solutions that precisely align with their distinct needs. With this offering, Canopius provides a broad range of industries a versatile and comprehensive partnership for personalized cyber insurance coverage.
Jenny Soubra, U.S. Head of Cyber and Tech E&O at Canopius, states “Introducing this new primary form underscores our steadfast commitment to the cyber insurance realm. Our agile decision-making framework, coupled with our local expertise and an extensive suite of technology products, empowers us to deliver tailor-made, custom solutions to our clients.”
Canopius’ continuous growth in the cyber insurance domain attests to its commitment to providing innovative, reliable, and comprehensive solutions that safeguard businesses against the rapidly evolving cyber threats.
“The introduction of this industry-redefining primary form magnifies our already robust cyber offering,” said Lisa Davis, Canopius’ US & Bermuda Chief Executive Officer. “With a suite of technology products that encompass pre-loss mitigation services, post-breach response, and an unwavering emphasis on client-centricity, Canopius stands prepared to tackle every facet of cyber risk head-on.”