SOMPO LAUNCHES SME CYBER COVER IN THE US

Bermudian re/insurer Sompo International, through its Sompo Global Risk Solutions unit, has launched Cyber Suite to meet the needs of small commercial and middle-market clients in select industries in the US. SI said the programme is designed to help small and mid-sized businesses respond to a range of cyber incidents. The suite provides financial protection for data compromise response expenses and reimbursement for costs tied to the recovery from computer attacks. It also provides cover for cyber extortion, misdirected payment fraud, computer fraud, telecommunications fraud, identity recovery, privacy incident liability, network security liability and electronic media liability. The programme is available to small and mid-sized businesses in the real estate, hospitality, professional services, technology and life sciences industry. Cyber Suite is solely available as a package for small and mid-sized Asian-interest accounts in the same industries.