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No Time Like The Present –
How does the saying go? “Timing is everything,” and “Never let a crisis go to waste.” These ideas may have echoed in the C-suite at Markel as they launched this pre-loss services initiative. In the wake of the Marks & Spencer and Co-op hacks, UK business leaders are (better be) reassessing their cyber risks and cyber resilience. Markel’s announcement suggests that many are encountering a reality that is, to say the least, suboptimal.
Chris Burgess, Director of Cyber at Markel International, explains:
“The cyber risk landscape is increasingly complex, driven by fast-moving technology, an evolving regulatory and privacy law landscape, as well as a constantly changing group of threat actors.”
Markel Launches Pre-Loss Service for UK Cyber Clients
Markel Insurance has reduced new pre-loss services for its UK Cyber360 policyholders. The initiative aims to help businesses strengthen cybersecurity before incidents occur.
“At Markel, we feel we’re uniquely positioned as a business because we’re going behind risk transfer solutions by offering these additional pre-loss services to help clients manage their cyber risk,” said Burgess in a company press release.
Complimentary Legal Support
Policyholders now receive a free one-hour consultation with a cyber and data risk lawyer from Markel Law. The call will cover privacy regulations and emerging UK regulatory changes.
Privacy Policy Review
Markel Law offers a privacy policy review to ensure compliance with current industry best practices. This adds further value to the insurance package.
Claims Onboarding Call
Clients can schedule a claims onboarding call. They learn how Markel’sMarkel’s Cyber Claims and Breach Response team can support them during an incident.
Free Black Kite Security Assessment
Markel has partnered with Black Kite, a leader in third-party cyber risk intelligence, to offer a free cybersecurity assessment through non-intrusive IP scanning technology.
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Access to e‑Risk Hub Toolkit
Clients continue to benefit from access to Markel’sMarkel’s e‑Risk Hub. The online platform provides tools to develop skills and procedures that mitigate the impact of cyberattacks.
Why It Matters Now
Ransomware remains a persistent threat. The UK has seen an increase in privacy laws and cyber incidents. Mark Rankin, Head of Civil Litigation at Markel Law, notes, “Data has become a central component in most modern businesses and brings with it a constantly changing set of legal and regulatory challenges. Markel Law is regularly involved and highly experienced in helping clients navigate the fallout from data and privacy breaches.”
With rising cyber threats and regulatory complexity, Markel’s proactive support aims to provide clients with stronger readiness and responsiveness.
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