New Beazley Quantum targets corporations with over $1b turnover 

This initiative injects $100m in fresh capacity into the cyber insurance market.

Beazley introduced Beazley Quantum, a new cyber insurance consortium designed to provide coverage for large corporations with annual turnovers exceeding $1b. 

This initiative injects $100m in fresh capacity into the growing cyber insurance market.

Beazley’s cyber underwriting and claims teams will lead the consortium, which will be accessible through the Global Wholesale platform at Lloyd’s. 

“As a leader in cyberspace, we have steadfastly taken strategic steps to build a thriving and sustainable cyber insurance market. With the launch of Beazley Quantum, we are directly addressing the needs of large corporates and delivering much-needed additional capacity to these businesses that are in the front line of the cyber threat.” Paul Bantick, Beazley’s chief underwriting officer, stated.