XL Group's Cyber & Technology insurance business unveiled its network of prequalified breach response specialists to provide its cyber liability insurance clients with the market's most comprehensive selection of industry experts to help navigate complex data breach issues when they arise.
"There are more than 73,000 cyber-attacks on mid-to-large companies annually. When such an attack occurs and leads to a data breach, an accurate and timely response is critical," said John Coletti, Chief Underwriting Officer of XL Group’s Cyber & Technology unit.
For XL Group Cyber insurance clients, XL Group has identified and negotiated preferred rates to provide a broad variety of breach response services. A 24/7 hotline staffed by XL Group’s expert cyber claims team provides access to best-in-class firms that specialize in:
Computer Forensics: XL Vendor Partners Include: Navigant Consulting, Inc., General Dynamics Fidelis Cybersecurity Solutions, Kivu Consulting, Kroll, McGladrey LLP and Stroz Friedberg;
Credit and ID Monitoring, Data Breach Notification and Call Center Operations: XL Vendor Partners include AllClear ID, NPC’s Immersion Data Breach Service, IBC and Kroll;
Expert Legal Counsel: XL Vendor Partners include Lewis Brisbois Bisgaard & Smith, LLP, Norton Rose Fulbright and Baker Hostetler;
Public Relations: XL Vendor Partners include Inform LLC and Levick.
"This year, we also announced our new user-friendly cyber policy form with enhanced insurance coverage," noted Mr. Coletti.
"Together with this prequalified network, we’re helping our clients address the costs associated with a breach and also helping them develop a wise response plan with topmost industry expertise when a security incident occurs."
XL Group’s North America Cyber & Technology business is headquartered in New York City with underwriting offices in Chicago, and Washington, DC.
XL Group offers coverage for data protection and privacy risks, both for third-party claims and first-party mitigation costs following a technology or cyber event. Coverage is tailored for businesses across various industries and technology companies.