The team at Arch Insurance, part of the nearly $30b market-cap Arch Capital Group (ACGL), has announced Arch CyPro, its new primary cyber insurance offering. “Our dedicated claims experts and customizable policies available in all 50 states position us as a front-runner in this space. But what sets Arch CyPro apart is our solution-first mindset and emphasis on proactive risk management,” said Marilyn Marshall, Executive Vice President, Professional Liability and Cyber at Arch Insurance. Read the release.
Reflecting what has become a de-facto market requirement, Arch is building an ecosystem of tech partners and integrating security technology into its underwriting process. The new solution “is powered by the Arch Cyber Risk Engineering Team (ACRE), a specialist cyber team integrated into every stage of the underwriting process.”
We can’t yet speak to the relative merits of Arch’s new offering, but it’s certainly a bullish signal when a large public company decides to invest in a market.