NEW YORK, Dec. 22, 2014 /PRNewswire/ -- 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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SOURCE XL Group