XL Group's Cyber Insurance Business Builds Prequalified Data Breach Response Specialists Network
Fort Lauderdale, FLorida - December 22, 2014
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. “We have not only teamed up with market-leading breach response providers, but have also built the most comprehensive pre-qualified cyber response network available in our industry. Our network includes computer forensics, data breach notification providers and legal counsel to help our clients navigate sensitive breach situations expeditiously. This collection of expertise gives our clients more options and greater flexibility to choose the most suitable vendors for their needs.” 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. An unprepared response to a cyber attack can not only cost more but it also threatens a company’s reputation and customer trust.” 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. Visit XL Group’s Fast Fast Forward to read more about Cyber risks, insurance and breach response. About XL Group plc’s Insurance Operations XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance About XL Group plc XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com XL Group is the global brand used by XL Group plc’s insurance and reinsurance subsidiaries.
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