CRC creates new excess product
North American wholesale specialty insurance distributor CRC Group has launched Cyber.IE, an excess product that is available through the company’s newly formed CRC / INSUREtrust Cyber Practice Group.
According to CRC Cyber.IE offers the largest wholesale exclusive cyber capacity available in the domestic marketplace, providing unparalleled protection and flexibility for businesses in need of excess cyber solutions.
Cyber.IE leverages a quota share approach, allowing for rapid capacity deployment, the company claimed. It features overhanging limits with drop-down availability, ensuring robust coverage options tailored to the unique needs of each client. Cyber.IE is comprised of seven carriers providing unique capacity to this quota share arrangement.
Christiaan Durdaller, CRC / INSUREtrust cyber practice group leader, explained: “Cyber.IE exemplifies our commitment to efficiency, exclusivity, and protected capacity. By offering the largest wholesale exclusive cyber facility, we empower our retail agency partners with a solution that is not only swift and adaptable, but also secure and comprehensive. This product is a testament to our dedication to innovation and excellence in the cyber insurance space.”
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