Former Homeland Security Secretary Tom Ridge to offer “Intelligent” Cyber Insurance

// // in Company, Foreign Policy

LONDON (October 6, 2014) – Companies struggling to protect their assets and brands from the growing scourge of cyber attacks can now access a new product designed specifically for their needs, created by a trusted former national security leader and the world’s premier insurance brand. The Honorable Tom Ridge, in London today meeting with leading cyber Lloyd’s Syndicates, today announced the launch of Ridge Insurance Solutions Company, offering bestin- class informed assessment and cyber insurance. The packaged, customized assessment capabilities and insurance enable C-suite executives to mitigate cyber risk, thereby closing a dangerous cyber insurance gap that often leaves companies – particularly small- and mid-cap firms – vulnerable to the consequences of proliferating attacks.


Boards of directors for financial services, retail, healthcare and energy companies, among others, now will have access to unique cyber insurance that leverages real intelligence that is sector and company specific, rejecting the ’cookie-cutter’, process-oriented approach inherent in most cyber insurance offerings today. Policies of up to $50 million (USD) each are available beginning immediately.


“Insurance need not be just a ’policy’ written by an agent, but a true focal point for assessing, identifying and correcting the impact of cyber risk on your business”, said Gov. Ridge, the first U.S. Secretary of Homeland Security, 43rd Governor of Pennsylvania and Chairman of Ridge Insurance Solutions Company. “This is not just about insurance but helping and incentivizing companies to manage their cyber operations more effectively”.


Read the full press release here: