Munich Re launches US cyber reinsurance coverage

Munich Reinsurance America Inc. will offer $15 million in cyber reinsurance capacity for U.S. primary insurers covering small and mid-sized businesses, the reinsurer said Wednesday.

The Princeton, New Jersey-based unit of Munich Reinsurance Co. said in a statement the reinsurance will cover proprietary cyber insurance forms as well as ISO-based coverage.

The coverage includes access to Munich Re’s risk management portal and a post-breach services panel, the statement said.

The cover is available in all states.