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Stock impact report

WTW enhances global cyber facility [Yahoo! Finance]

Axis Capital Holdings Limited (AXS) 
Last axis capital holdings limited earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: axiscapital.com
Company Research Source: Yahoo! Finance
WTW and its CyXS facility, a solution for excess cyber insurance coverage, has introduced new features to meet client needs. Upgrades 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; Cyber physical damage cover: available as a standalone option or blended with traditional cyber coverage, and Enhanced CyXS restore options: further expanded reinstatement options to provide clients with flexibility and the assurance of pre-negotiated capacity replenishment. The moves were made due to client feedback, showing WTW's commitment to providing support for clients. In addition, the facility now includes coverage for cyber-induced physical damage, an increasingly relevant occasion. Glyn Thoms, head of GB Finex, Cyber and TMT at WTW, said: "Our 2024 Global Directors' an Show less Read more
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