CAC Group Launches Cyber Insurance Solution for Energy and Utility Sectors October 21, 2024Exclusive offering reaffirms CAC Group’s commitment to delivering cutting-edge specialty risk solutionsDENVER – CAC Group, a leading insurance broker and advisor, today announced the launch of CyberPeril Pro, a flexible cyber insurance solution designed to address coverage gaps within the energy and utility industries.“As more carriers eliminate ‘silent cyber’ coverage from traditional insurance products, our clients are increasingly concerned about growing coverage gaps,” said Adam Lantrip, Executive Vice President, Professional & Cyber Solutions Practice Leader at CAC Specialty. “This best-in-class solution helps solve those concerns, providing access to substantial capacity and insuring cyber risk in new ways.”CyberPeril Pro addresses cyber as a peril, providing clients with the most flexible approach to affirmative cyber coverage without having to rely on a patchwork of exclusion buybacks or the need to self-insure cyber losses for property and casualty risks. Clients can choose which coverage to purchase, eliminating unneeded coverage based on their unique risk profile. Offerings include:Broad traditional cyber insurance, including full limits for contingent business interruption, system failure and cyber extortionThird-party bodily injury due to a cyber incidentThird-party property damage due to a cyber incidentFirst-party physical damage due to a cyber incidentPollution legal liability due to a cyber incident“By developing a customizable solution that addresses cyber risks head-on, we’re providing each of our clients with better and smarter tools to safeguard their operations against the growing threat,” added Vannessa Smith, Vice President, Professional & Cyber Solutions Practice at CAC Specialty. About CAC Group CAC Group is a leading insurance broker and advisor that provides expertise and placement capabilities across the spectrum of insurance and capital markets. The entity comprises CAC Specialty, an industry-leading specialty broker, CAC Agency, a P&C personal lines and employee benefits broker, and CAC Capital, a structured solutions group that specializes in the convergence of insurance and capital markets. Collectively, CAC Group serves large corporations, small-to-medium enterprises, as well as individuals. It is an employee-owned company and ranked in the top 40 of all U.S. brokerage firms. For more information, please visit us at cacgroup.com. Media Contact: Becca Shpektor 508.654.5197 becca.shpektor@kemperlesnik.comRecommended for youMedia Guarantors, a CAC Group Company, Appoints Angus Sutherland to Senior Vice President, Business Development and Client RelationshipsNewsLOS ANGELES – Media Guarantors, a CAC Group Company and leading global provider of completion guarantees for independent film production,… – February 11, 2025 Read moreCAC Specialty Launches New Private Equity Practice, Announces Leadership AppointmentsNewsDENVER – CAC Specialty, the leading specialty insurance broker and advisory arm of CAC Group, announced the integration and relaunch of… – February 7, 2025 Read moreCAC Specialty Grows Private Equity Solutions Team with New Business Development Leader, Human Capital RiskPeopleDENVER – CAC Specialty, the leading specialty insurance broker and advisory arm of CAC Group, expands its Private Equity Solutions team… – February 7, 2025 Read more
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