BOSTON--(BUSINESS WIRE)--
Berkshire Hathaway Specialty Insurance Company (BHSI) today announced
that it has introduced Cyber Liability Insurance in New Zealand and
appointed Ian Marshall to lead the product line locally as Senior
Underwriter, Executive & Professional Lines.
BHSI’s new Cyber Liability policy covers business interruption and third
party liabilities a policyholder faces from a data breach, rectification
expenses, and emergency response costs incurred by policyholders using
BHSI’s pre-selected breach response team. The company is focusing on the
mid to large tier market segment and will tailor solutions for a broad
range of risks.
“Our Cyber Liability coverage gives insureds the confidence of BHSI’s
financial strength and a proven team of specialists to respond when a
breach occurs or is suspected,” said Cameron McLisky, Manager of
Executive and Professional Lines, BHSI Australasia. “Policyholders have
a market-leading team at their service to help them strategically manage
the all-important response to a cyber breach incident.”
BHSI is teaming up with Symantec to provide Incident Response Services
to policyholders. Symantec has a comprehensive database of Internet
threat data intelligence and monitors threat activity in more than 157
countries, so it can help companies to quickly identify, contain, and
remediate a breach incident.
“We’re pleased to bring to market a comprehensive breach response
solution that provides policyholders with swift access to experts to
help them respond skillfully to a cyber incident,” said Ian Marshall,
Senior Underwriter, Executive & Professional Lines, BHSI in New Zealand.
“Policyholders have access to legal experts to help them manage their
obligations following a breach, forensic IT services to identify and
contain a breach, and public relations and credit monitoring firms to
manage the reputational damage that can accompany an incident.”
Ian comes to BHSI from Lumley General Insurance, where he was most
recently Senior Underwriter, Liability Centre of Expertise. Before that
he was Senior Underwriter, Professional Liability, at AIG Insurance New
Zealand Limited. He began his career as an Underwriter in Financial
Lines at AIG. Ian holds a Bachelor of Commerce degree from the
University of Auckland. He is based in BHSI’s office in Auckland.
Earlier this month BHSI announced the launch of Cyber Liability
Insurance in Australia. The company also offers cyber liability
insurance in the U.S.
For more information, contact Ian Marshall at ian.marshall@bhspecialty.com
or +649 301 3914.
Berkshire Hathaway Specialty Insurance Company ABN 84 600 643 034,
AFS Licence No. 46673 (www.bhspecialty.com)
provides commercial property, casualty, healthcare, and executive and
professional lines, and marine insurance. Berkshire Hathaway Specialty
Insurance Company holds financial strength ratings of A++ from AM Best
and AA+ from Standard & Poor’s. Based in Boston, Berkshire
Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago,
Fort Lauderdale, Houston, Irvine, Los Angeles, New York, San Francisco,
San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Düsseldorf, Hong
Kong, Melbourne, Singapore, Sydney and Toronto. For more information,
contact info@bhspecialty.com.
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