Howden has launched a blended insurance product offering PI, crime and cyber liability cover under one policy and limit.

A cyber event can trigger multiple insurance products, which can cause delays in accessing the support and funds needed at the crucial time, particularly when dealing with multiple insurers.

By combining the coverages into a fully blended product with a single set of policies and one limit, Howden hopes to improve claims responsiveness.

Ed Brennan, managing director for financial institutions and D&O in Howden's Financial Lines division, said: "This product was developed to provide seamless and efficient solutions to address financial services clients’ increasingly complex cyber requirements in the midst of rising cyber events. This product will help clients navigate this difficult environment, and I look forward to working with them to maximise efficiencies and improve their insurance protection.”

Sarah Hughes, CEO, Howden Specialty, added: “The launch of this blended product reflects Howden’s broader strategy to harness its collective specialty expertise across the group for the benefit of clients, developing advanced products that provide joined up protection, ensuring that our solutions remain relevant to clients now and in the future."

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