WTW's CyXS global cyber facility upgrades capacity to $75m, doubles Lloyd's insurer participation, and introduces a cyber physical damage cover.
WTW, a global insurance advisor, has upgraded its CyXS global cyber facility, first launched in January 2023. The enhancements include a 50% increase in capacity, expanding from $50m to $75m, doubling the number of participating Lloyd’s insurers from 7 to 14, and adding a new standalone cyber physical damage cover. These updates aim to meet the evolving needs of clients and respond to the growing cyber risks in the market.
May 08, 2024
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