CPP partners with Gallagher to offer SME cyber protection in the UK
CPP Group has confirmed its partnership with Arthur J Gallagher & Co (Gallagher) for the provision of CPP’s new cyber product to small business clients of Gallagher’s UK Retail Division. The partnership sees CPP increasing its presence in the UK broker market, and Gallagher expanding its suite of insurance products to include a specialist cybersecurity solution for its smaller SME clients.
This follows the launch in the UK of CPP’s SME-specific cyber policy on the Acturis platform just four months ago in October 2019. Gallagher is one of CPP’s first major commercial insurance broker partners as a result of the Acturis launch. Through this partnership, Gallagher is proactively expanding its cyber policy offerings in the light of the ever-increasing SME cyber risk.
“Gallagher is one of the biggest and best-known brokers both nationally and internationally, so it’s a fantastic result to bring them on board as a partner. It gives us a strong footprint in the UK broker market, which we will continue to build upon. It also demonstrates the scale of the commercial opportunity provided by our product launch on Acturis, which has opened us up to a large network of brokers. We anticipate that this will be the first of many such partnerships.” – Jason Walsh, Group CEO of CPP.
Established in 1927, Gallagher is a Fortune 500 company and a global leader in insurance brokerage, risk management, and human capital consultancy, employing more than 5,200 people in the UK. The partnership with CPP will allow Gallagher to cater specifically to the SME market, which makes up over 99% of the UK business landscape.
“The partnership with CPP enhances our existing cyber insurance provision. The level of cover provided, combined with a lower than market-norm excess, allows us to offer a product that specifically meets the needs of SMEs, that don‘t have the support of a large IT team but are exposed to cyber risk. We look forward to a long and mutually beneficial relationship with CPP.” – Barry Duffin, Managing Director of SME at Gallagher.