CloudInsure has signed an agreement with privately owned, independent (re)insurance broker Lockton, to provide risk management solutions for clients exposed to hazards associated with Cloud technologies.
Under the terms of the agreement, CloudInsure will offer liability coverage, supported by bespoke underwriting models and proprietary analytics for primary insurers to meet the growing businesses needs in the cloud computing space.
Lockton Re executive director Tony Jones said that a new distribution model will be provided by CloudInsure to complement existing process, while allowing growth and greater market penetration in a highly competitive environment.
CloudInsure managing director Sarah Khan said, "Their industry expertise and position as a leading (re)insurance broker allows us to streamline our focus to what we do best: providing turn-key insurance solutions that address risk in the Cloud environment."