WTW boosts global cyber facility with increased capacity and broader coverage options [Yahoo! Finance]
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
Following a successful launch in January 2023, WTW's CyXS facility, a global solution for excess cyber insurance coverage, has introduced new features, effective 1 April 2024, designed to meet the dynamic needs of clients and keep ahead of market trends as cyber risks escalate. Key enhancements include: Increased capacity: the maximum capacity has been raised by 50%, from 50 million to 75 million USD/EUR/GBP in response to client feedback. Expanded insurer participation: the number of participating Lloyd's insurers has doubled, increasing from 7 to 14 NEW cyber physical damage cover: available as a standalone option or blended with traditional cyber coverage Enhanced CyXS restore options: further expanded reinstatement options to provide clients with flexibility and the assurance of pre-negotiated capacity replenishment WTW has increased the capacity of the CyXS facility based on client feedback, reflecting a commitment to providing robust support for its global client bas
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Earnings
- 5/1/24 - Beat
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Sec Filings
- 5/8/24 - Form 4
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form 13F-HR
- AXS's page on the SEC website