Ridge Global Announces Three Tailored Cyber Insurance Products Designed To Meet The Needs Of Organizations Large And Small

Jan 20, 2016, 10:00 ET from Ridge Global

WASHINGTON, Jan. 20, 2016 /PRNewswire-USNewswire/ -- With destructive cyber-attacks continuing to increase in both frequency and malicious intent, Ridge Global today announces the availability of three new cyber insurance products tailored to complement and integrate with the complete end-to-end cyber resiliency services offered by Ridge Global.

Created by a trusted former national security leader and supported by the world's premier insurance brand, the new offerings recognize that there are different drivers within markets based on size and exposure, and addresses both of those aspects.

"The C-Suite understands how to protect against physical damage to its assets, but still struggles with virtual damage, much to their peril," said Tom Ridge, Chairman of Ridge Global and the first U.S. Secretary of Homeland Security. "That is why we have created customized insurance solutions that combine with our segment-specific risk management and best-in-class pre-breach services. This ensures that companies and organizations create and maintain effective integrated cyber resiliency managed to the highest standards."

Gov. Ridge says that since Ridge Global first announced its partnership with Lloyd's in 2014, Ridge Global has been listening to organizations who have asked for the development of a more informed and customizable approach to cyber insurance.

"These new products are a direct result of what we have heard," said Adrian Scott, Executive Vice President and Chief Underwriting Officer for Ridge Global. "The result is a comprehensive offering that will drive organizations to better understand their risk, address deficiencies, obtain value from the cyber posture within their insurance coverage, and ensure that there are effective response services in the event of a breach."

Lloyd's of London supports this market-leading cyber insurance coverage, with insurance limits available up to $50 million (US Dollars). The three new products are broadly segmented around an organizations size and cyber priorities.

    • Typically organizations with revenues greater than $2.5 billion
    • Typically organizations with revenues between $50 million and $2.5 billion
    • Typically organizations with revenues less than $50 million

"The value of Ridge Global's fully integrated service capability is that it can be brought to organizations with the specific goal of creating a tailored solution that fits the appetite, industry, affinity and size of any organization," added John Fleming President of Ridge Global, Insurance Solutions.

To learn more about these new Ridge Global cyber insurance products and other Ridge Global services, visit www.RidgeGlobal.com.


SOURCE Ridge Global