Beazley launches Beazley Quantum

Specialty insurer Beazley has launched Beazley Quantum – a cyber consortium that will provide coverage for large companies with revenue greater than $1 billion.

Beazley Quantum will also inject $100 million of new capacity into the cyber market.

The new offering is available through the Global Wholesale platform via Lloyd’s.

“As a leader in the cyber space, we have steadfastly taken strategic steps to build a thriving and sustainable cyber insurance market. With the launch of Beazley Quantum, we are directly addressing the needs of large corporates and delivering much needed additional capacity to these businesses that are in the front-line of the cyber threat.” – Paul Bantick, chief underwriting officer, Beazley.