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ACE Introduces Global Cyber Facility

GRC Announcements | September 28, 2015

ACE Group, a multiline property and casualty insurer, last week announced the launch of ACE’s Global Cyber Facility, which goes beyond standard risk transfer by incorporating a comprehensive risk management solution into a single policy purchase.

ACE’s Global Cyber Facility provides up to $100 million of primary capacity. The solution incorporates integrated loss control services provided by cyber-security experts, a proprietary application process designed to assess an organization’s current risk profile, a specialized policy form, comprehensive claims management, and ongoing, detailed analysis to help organizations detect potential weaknesses that could give rise to future cyber attacks.

“Boards recognize that cyber insurance is a priority, but they also know that risk transfer isn’t enough," said...

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