New York, NY — Monday, October 20, 2014 — Starr Companies has announced the launch of its cyber insurance offering. Security & Privacy Risk Response comprises coverage for both 1st and 3rd party costs, including network security and privacy liability, data breach notification and credit monitoring, forensics and investigations, business interruption, data recovery and repair, regulatory fines and penalties, and extortion threats. The coverage is now made available on a primary basis and complements Starr’s existing excess cyber insurance capabilities.
“In today’s innovative, technology-focused business environment, cyber risks are on the top of our clients’ minds and are a key consideration in their business strategies,” says David Norfleet, Senior Vice President & Chief Underwriting Officer of Starr Surplus Lines Insurance Company. “Starr is committed to managing those risks, providing the protection that our clients need to continue to grow their businesses.”
A key benefit is Starr’s partnership with eRisk Hub®, which will provide clients with a Breach Coach® consultation and access to an incident hotline, staffed by security experts, in the aftermath of a data breach. Additional features include loss mitigation services, cyber security news and education, security assessments, and access to leading security experts in the industry.
Starr Companies (or Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, Hong Kong and Singapore each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). Starr’s insurance company subsidiary domiciled in China has an A.M. Best rating of “A-” (Excellent).
For more information visit us at www.starrcompanies.com.
John Thompson, 646-227-6780