Marsh Echo cyber facility secures narrower war exclusion wording

18 May 2023

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Cyber placements using Marsh’s $100mn Echo excess facility will now feature an alternative agreed wording to the standard Lloyd's Market Association (LMA) war exclusions, in a version that will provide slightly more flexibility to insureds, this publication understands.

Brit and Axis, lead carriers on the facility, have received confirmation from the LMA that it views the Echo endorsement as compliant with Lloyd’s requirements for carriers to exclude state-sponsored cyberattacks.

The

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Marsh Echo cyber facility secures narrower war exclusion wording

Cyber placements using Marsh’s $100mn Echo excess facility will now feature an alternative agreed wording to the standard Lloyd's Market Association (LMA) war exclusions, in a version that will provide slightly more flexibility to insureds, this publication understands.

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Marsh Echo cyber facility secures narrower war exclusion wording

Cyber placements using Marsh’s $100mn Echo excess facility will now feature an alternative agreed wording to the standard Lloyd's Market Association (LMA) war exclusions, in a version that will provide slightly more flexibility to insureds, this publication understands.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Aon estimates Milton insured losses at $25bn to $40bn

Over 1.2 million properties fell within Milton’s ‘potentially highly damaging’ winds

Moody’s RMS stochastic model puts Milton mean wind loss at $11.8bn

Liberty takes Canopius’ McDevitt for upstream energy

Daily Digest: Top news from 11 October

The Week in 90 Seconds: Milton; Trade credit; Space; Downstream claim

Munich Re Specialty expansion will have a ‘geographical flavour’: Hoare