Marsh, a unit of Marsh McLennan, has introduced Cyber Echo Encore, an enhancement to its Cyber Echo insurance facility.  

This new proposition offers Marsh clients the option to access up to $45m of additional cyber insurance capacity.  

Cyber Echo Encore is underwritten by London market insurers based outside Lloyd’s, offering capital and coverage while retaining the “simplified access and placement” of the original Cyber Echo. 

Since its launch in 2016, Cyber Echo has provided Marsh clients with up to $125m of cyber insurance cover.  

To date, it has offered around $50bn of coverage to almost 500 Marsh clients worldwide.  

It retains key features including streamlined underwriting, placement and claims handling and reinstate cover post loss within an underwriting year. 

Marsh UK cyber placement leader Serena France-Hayhurst said: “As cyber threats continue to grow, companies are looking for stand-alone cyber insurance that enables them to manage their evolving and sometimes complex risk profiles more effectively.  

“Marsh Cyber Echo is the most successful and widely utilised cyber insurance facility in the world and we are committed to developing new solutions that help clients better manage their cyber risks. Cyber Echo Encore is a natural evolution in the provision of cyber insurance and offers clients even greater optionality and flexibility to manage their cyber insurance programmes.” 

Last month, Marsh strengthened its Italian foothold with the acquisition of Fontana Rava-Toscano & Partners (FRT).  

FRT will operate under the name Marsh FRT.