Units of CNA Financial Corp., AmWINS Group Inc. and an Israeli cyber security firm on Monday said they are partnering to provide a cyber security package for industrial businesses globally.
London-based CNA Hardy and AmWINS unit THB, along with and Rosh Ha’Ayin, Israel-based Waterfall Security Solutions Ltd., said Waterfall’s proprietary Unidirectional Security Gateway system creates an “impassable” barrier around an industrial network that allows normal operations to continue without interruption during a cyber attack.
The package, which is distributed exclusively through THB, also includes CNA Hardy’s cyber technology and cyber insurance coverage, which is offered at a 30% discount when used in conjunction with the Waterfall system, said the statement.
Swiss Re Ltd. plans to launch a parametric earthquake insurance product – Swiss Re QUAKE – which will make use of the United States Geological Survey ShakeMap data to structure parametric triggers and define payouts, Artemis.bm reports. With this product, the reinsurer is looking to help clients reduce their basis risk by structuring customized parametric solutions that match assets at risk with trigger design.