Roundstone teams up with cybersecurity firm Dark Rhino

Ohio-based SME group medical captive provider Roundstone Management has agreed to collaborate with cybersecurity firm Dark Rhino Security. Under the deal, Roundstone will provide Dark Rhino Security with a comprehensive insurance program that delivers a backstop to Dark Rhino’s service agreement customer guarantee.

The “industry first” will give companies “real risk reduction, not theoretical calculations, with material support resulting from cyber malfeasance”, the companies say.

Formed in 2003 the Roundstone group of companies includes Bermuda-based Roundstone Insurance Ltd, and delivers insurance management, captive facility creation and consulting services to off-shore and domestic insurance facilities for more than twenty captive programs. These cover both employee benefit and property and casualty exposures.

Dark Rhino, also based in Ohio, provides SMEs with “defence in depth” security. According to the agreement, clients will still be able to obtain cyber insurance coverage from other providers if they choose.