FM Global launches Cyber Optimal Recovery

Written by staff reporter

FM Global has launched Cyber Optimal Recovery, an endorsement to its all-risk FM Global Advantage policy designed to maximise recovery from a cyber-related loss. Designed for clients that have, or intend to purchase a stand-alone cyber policy, the new Cyber Optimal Recovery endorsement gives the insured the option to choose whether the FM Global Advantage policy is primary, contributing or is in excess to a cyber policy.

“Cyber risk is becoming increasingly sophisticated and complex and leading many organisations to purchase separate cyber policies that often cover both third-party liability and first-party property. This creates a scenario where it may be unclear how these policies would interact in the event of a cyber loss,” said FM Global executive vice-president Bret Ahnell. “This endorsement was developed in direct response to feedback from our mutual policyholders to ensure they receive the best cyber claims recovery possible with contract certainty.”

Related Articles

Power transmission and distribution risk
Mark Evans talks to Barry Menzies, head of MIDEL ester-based dielectric fluids, at specialist manufacturer M&I Materials, to discover how ester fluids can help reduce the risks associated with transformer applications.
Most read stories...
World Markets (15 minute+ time delay)

Download the latest
digital edition of
CIR Magazine