Beazley’s data breach expertise to back new Generali cyber product in Brazil
27 September 2017 - 10:00PM
Specialist insurer Beazley, a pioneer in data breach response
insurance, has partnered with Generali, one of the world’s leading
insurers, to manage data breaches for Generali Brazil’s new
cyber insurance offering for its corporate and commercial clients.
Beazley will coordinate the breach response for policyholders,
including IT experts, legal services, identity monitoring,
notification and call centre services, and public
relations.
The partnership allows Generali, through Generali Global
Corporate & Commercial Brazil, to offer the Brazilian market a
comprehensive cyber liability and data breach response product.
"Cyber insurance is an area that has not been fully developed in
Brazil. This offering fills a void created by new and emerging
risks like cyber-risks, including ransomware. It is a market with
strong interest and potential and we are confident that this new
product will be a success. Our goal is to help our clients succeed
in business, by adding value beyond the policy and being flexible,
agile and adaptable”, said Werner Stettler, Director of Generali
Global Corporate & Commercial Brazil.
Paul Bantick, technology, media and business services focus
group leader at Beazley, said: “We’re excited to partner with
Generali GC&C Brazil and bring our cyber and data breach
response insurance to the Brazilian market. Companies in
Brazil will now have access to a complete privacy breach response
management and information security insurance solution.
Generali GC&C Brazil clients will benefit from Beazley’s data
breach response services and our extensive expertise in managing
and mitigating the impacts of data breaches for clients
globally.”
Beazley has helped clients handle more than 6,500 data breaches
since the launch of its flagship product, Beazley Breach Response,
in 2009.
BZ_ PR_27_9_17
Note to editors:
Beazley plc (BEZ) is the parent company of specialist insurance
businesses with operations in Europe, the US, Canada, Latin
America, Asia, the Middle East and Australia. Beazley manages
six Lloyd’s syndicates and, in 2016, underwrote gross premiums
worldwide of $2,195.6 million. All Lloyd’s syndicates are rated A
by A.M. Best.
Beazley’s underwriters in the United States focus on writing a
range of specialist insurance products. In the admitted
market, coverage is provided by Beazley Insurance Company, Inc., an
A.M. Best A rated carrier licensed in all 50 states. In the
surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd’s.
Beazley is a market leader in many of its chosen lines,
which include professional indemnity, property, marine,
reinsurance, accident and life, and political risks and contingency
business.
About Generali
Generali is an independent, Italian Group, with a strong
international presence. Established in 1831, it is among the
world’s leading insurers and it is present in over 60 countries
with total premium income exceeding €70 billion in 2016. With over
74,000 employees in the world, and 55 million clients, the Group
has a leading position in Western Europe and an increasingly
significant presence in the markets of Central and Eastern Europe
and in Asia. In 2017 Generali Group was included among the most
sustainable companies in the world by the Corporate Knights
ranking.
About Generali Global Corporate & Commercial
(GC&C)
GC&C is the Generali Group unit that develops the P&C
business and insurance services for medium and large companies.
Generali Global Corporate & Commercial acts on a global scale
and deploys an integrated approach at Group level with a central
management team and specialized teams active in individual
countries. GC&C draws on a worldwide network of professionals
to offer a seamless approach towards global risks and deliver what
matters to clients. With a client-centric approach, GC&C
provides a full range of property, casualty and specialty lines
protection to corporate and commercial clients and their brokers
worldwide.
Today more than 1,000 professionals work in the nine main
offices of GC&C in Milan, London, Madrid, Paris, Prague, Sao
Paolo, Hong Kong, New York and Munich. GC&C serves clients and
brokers in more than 100 countries, generating an overall Gross
Written Premium (GWP) of approximately € 2.0bln.
Eleanor Lewis
Beazley Group
+44 (0)20 7667 0538
eleanor.lewis@beazley.com
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