Brit Group Holdings Ltd. announced the renewal of its cyber consortium — “Brit Cyber Attack Plus” (BCAP) — a cyber product designed to protect clients from a broad range of cyber-related perils, including physical damage.
BCAP, led by Brit Syndicate 2987, offers comprehensive cyber coverage to clients on a bespoke basis including cyber-triggered physical damage and business interruption via a single underwriting and claims agreement party.
BCAP has the largest amount of cyber capacity available in the market on a primary basis, and is the longest standing physical damage consortium in the London and international markets, Brit said.
First created in 2016 to meet the demands of clients looking to broaden cyber coverage across their standalone cyber and all risks purchases, BCAP brings expertise from Brit’s cyber, property and now financial institutions (FI) teams to provide a best-in-class solution for clients.
BCAP has increased its combined cyber limit up to $200 million, with clients also able to access large standalone cyber limits through alternative capacity towers via Brit’s First 50 and FI Cyber Max consortiums, which is new for 2026.
“We are pleased to announce the renewal of BCAP, which continues to act as a strong example of Brit’s leadership and innovation in the cyber market,” commented Jon Sullivan, Brit Group chief underwriting officer, in a statement.
“With cyberattacks increasing in terms of frequency and severity, physical assets are becoming more vulnerable as industries turn towards digitalization, resulting in growing demand for the protection of critical infrastructure, as well as industrial and manufacturing operations,” according to Adam Taylor, class underwriter, Cyber, Privacy and Technology.
“Our innovation of BCAP to ensure that it continues to insure against such risks, while offering a full suite of traditional cyber coverage, means that BCAP is able to solve business-critical needs as a unique product in the market,” Taylor added.
“BCAP’s bespoke coverage, aligned to all risks purchases, means Brit remains a key player in ensuring businesses remain resilient against a range of emerging threats,” said James Bright, class underwriter, Cyber Property Damage and Cyber Distribution. “We are pleased to continue working alongside our capacity partners, brokers and their clients to maintain the London market’s reputation for leadership in cyber.”
About Brit
Brit has a major presence at Lloyd’s of London, the world’s specialist insurance market, with significant US and international reach. A subsidiary of Fairfax Financial Holdings, Brit underwrites a broad class of commercial specialty insurance with a strong focus on property, casualty and energy business.
Source: Brit Group Holdings
Topics
Cyber
New Markets
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