Brit Group Holdings has unveiled a new integrated cyber and financial institutions consortium.

Designed for large, complex risks, FI Cyber Max will provide up to US$20m of lead capacity across cyber, professional indemnity, directors’ and officers’ liability and crime.

Patrick Mitchell, class underwriter, commented: “Financial institutions face a complex risk landscape due to the type of transactions they facilitate and data they hold. FI Cyber Max will help simplify the placement process for these organisations, allowing us to reduce fragmentation and deliver coverage needed across multiple lines.”

Adam Taylor, class underwriter, cyber, privacy and technology, added: “No risk exists in isolation, and in an increasingly interconnected world there is a clear need to provide consistent and comprehensive coverage across interrelated risks.

"The launch of FI Cyber Max enables us to offer a flexible deployment solution across multiple lines at scale. As the cyber risk landscape continues to evolve, we’re delighted to be able to bring another consortium to the market which enables us to solve a critical need for financial institutions.”

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