LONDON, January 30, 2023 – New excess layer cyber facility, called CyXS was launched today by WTW (NASDAQ:WTW). The facility is available to WTW clients globally who purchase excess layer cyber programmes.
Key elements of the facility include:
“Our most recent Directors Liability Survey, in partnership with Clyde & Co, highlighted that Cyber Risks continue to be a top priority for organizations across the globe.”
Glyn Thoms | Head of GB Finex, Cyber and TMT, WTW
Glyn Thoms, Head of GB Finex, Cyber and TMT, WTW, said “Our most recent Directors Liability Survey, in partnership with Clyde & Co, highlighted that Cyber Risks continue to be a top priority for organizations across the globe. For the last 12-18 months, the ransomware crisis has made obtaining cyber insurance capacity very difficult yet demand from companies has continued to grow. As we emerge into a more stable market, CyXS helps us continue to support our clients with accessing significant capacity in an efficient way and further adds to our broad suite of innovative cyber solutions.”
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
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