High net worth individuals can better protect assets with new cyber insurance offering
CHICAGO, Nov. 19, 2020 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has expanded its Cyber Secure Select offering to include an enhanced cyber insurance program for high net worth individuals and executives. This new insurance offering in partnership with Aspen Insurance expands on Aon’s Cyber Secure Select, a collaboration with NortonLifeLock.
With cyberattacks only getting more frequent and severe, Aon is committed to providing individuals and their families with the necessary tools to protect their assets. Cyber Secure Select provides clients with white-glove concierge service to help them address a multitude of IT and cyber security needs, including robust device protection and personal information monitoring. This new expansion, in partnership with Aspen, provides clients with access to an enhanced cyber insurance offering.
“A personal data breach can lead to extortion, financial loss, and a multitude of other related costs,” said Christian Hoffman, CEO, Aon’s Cyber Solutions, North America. “This innovative offering combines Aon’s experience, extensive assessment and testing capabilities, and NortonLifeLock’s Cyber Safety expertise and technology, with Aspen’s insurance offering to help high net worth individuals, executives and their families better protect their personal assets.”
A personal data breach can mean much more than traditional identity theft and can include other kinds of attacks, from unauthorized fund transfers to cyber extortion. Aon designed this coverage to help clients recover from a myriad of cyber threats with an additional $1.5 million in coverage for financial losses in excess of the $1 million coverage limit already available via NortonLifeLock.
“In a world where clicking on a malicious link can result in anything from your device being rendered useless to your bank account being raided, this product provides unique coverage that goes well beyond standard identity theft insurance offerings,” said Josh Ladeau, Global Head of Cyber, Aspen. “We are excited to be working with Aon and NortonLifeLock to offer what I believe to be the most advanced solution for consumers in the market today.”
More information about Cyber Secure Select can be found here.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2019, Aspen reported $12.6 billion in total assets, $7.0 billion in gross reserves, $2.7 billion in total shareholders’ equity and $3.4 billion in gross written premiums. Aspen’s operating subsidiaries have been assigned a rating of “A-” by Standard & Poor’s Financial Services LLC, and “A” (“Excellent”) by A.M. Best Company Inc. For more information about Aspen, please visit www.aspen.co