The CRC Group and the newly established INSUREtrust Cyber Practice Group have recently launched Cyber.IE, a new exclusive excess product, which will be available as an INSUREtrust facility.
According to CRC Group, Cyber.IE will offer the largest wholesale exclusive cyber capacity available in the domestic marketplace and is expected to provide “unparalleled protection and flexibility” for businesses in need of excess cyber solutions.
Cyber.IE is comprised of seven carriers providing unique capacity to this quota share arrangement, according to CRC Group and INSUREtrust.
The system leverages a quota share approach, allowing for rapid capacity deployment. Moreover, Cyber.IE features overhanging limits with drop-down availability, which ensures robust coverage options tailored to the exclusive needs of each client.
“Cyber.IE exemplifies our commitment to efficiency, exclusivity, and protected capacity. By offering the largest wholesale exclusive cyber facility, we empower our retail agency partners with a solution that is not only swift and adaptable but also secure and comprehensive. This product is a testament to our dedication to innovation and excellence in the cyber insurance space,” said Christiaan Durdaller (pictured), CRC/ INSUREtrust cyber practice group leader.
Last April, CRC announced the integration of INSUREtrust, formerly housed in Starwind – also a CRC Group affiliate – into its wholesale brokerage division.
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