WTW’s Willis business has significantly enhanced its CyXS facility by offering an increased capacity of USD/GBP/EUR 115 million through Lloyd’s syndicates. Additionally, up to USD/GBP/EUR 40 million is available from outside the Lloyd’s marketplace.
The expansion introduces the new CyXS Plus and CyXS Company offerings, each providing an extra USD/GBP/EUR 40 million in capacity. CyXS Company aims to engage high-quality capital and expert underwriting from beyond the Lloyd’s environment, according to Willis.
Clients now have access to a broader suite of options, allowing for faster, more efficient, and agile access to services. With all underwriting control centralized with the two lead insurers, CyXS Company stands as the largest facility of its kind outside of Lloyd’s.
Peter Foster, the global cyber chairman at Willis, commented: “CyXS has been incredibly successful with our clients worldwide, focusing on their needs and addressing the rising demand for innovative solutions that truly meet those needs.”
Simon Delchar, global head of placement at Willis, stated: “At Willis, our commitment is to bring high-quality capacity as close to our clients as possible. The introduction of CyXS Plus and CyXS Company increases the number of insurers supporting CyXS to 25, demonstrating a fantastic commitment from the London cyber market to deliver improved outcomes for our clients globally.”
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