AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, and Kennedys Law LLP, have collaborated on the services of AXIS’s new marine cyber insurance product. This product provides coverage for the shipping market to protect against cyber exposures on board ships and ashore at shipping company offices.
The product will be available immediately for all new and renewed AXIS Cyber Marine Insurance policies.
In collaboration with Kennedys, AXIS policies will include four functionalities to help businesses prepare for, protect themselves and respond to cyber threats in the maritime industry:
- A single point of contact to report a cyber incident and process insurance claims simultaneously.
- A global network of marine, legal and technical experts to assist with recovery.
- Assistance in system restoration, advice and liaison with cyber experts.
- Online cybersecurity awareness training for all maritime personnel, both onshore and offshore.
The AXIS Marine Cyber Insurance product will be underwritten and managed by its Global Cyber and Technology team in London.
AXIS Insurance – the insurance business of AXIS Capital Holdings Limited – provides general insurance, general insurance, professional services, terrorism, marine, renewable energy, aviation, credit risk and policies, environment, accidents and health and other personalized insurance. Products are offered through distribution partners, which include wholesale brokers, retail brokers and appointed general agents / underwriters in the United States and internationally.
Kennedys Law LLP is a global litigation and dispute resolution law firm. Kennedys’ customers include national and international (re) insurers, Lloyd’s unions, central and government agencies, and large corporations (many of which are self-insured). Its lawyers provide a range of specialized legal services to industry sectors, including insurance and reinsurance, aviation, banking and finance, construction and engineering, healthcare, life sciences, marine, public sector, rail, real estate, retail, shipping and international trade, sport and recreation, transport and logistics, and travel and tourism.
Kennedys is a trading name of Kennedys CMK LLP, a New Jersey limited liability company. Kennedys Law LLP, a UK limited liability company, is a partner of Kennedys CMK LLP.
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