Hiscox Offers AEGIS Members Cyber Protection

The strategic alliance means that the power and utility companies which are members of AEGIS will have access to the Hiscox Privacy Protection Policy, which provides cover for liabilities arising from data losses and resultant breaches of privacy, as well as the notification costs to people affected.

Energy companies have significant exposure to data breaches as they hold a large amount of sensitive customer data on file including financial information. As a result they have a responsibility to their customers to keep the information secure from any data breaches.

The Hiscox product will provide AEGIS members with:

• US$25 million limit with additional limits available
• Liability protection against a breach of privacy either by the insured or a third party
• Protection against both electronic and non-electronic breaches such as hacking, theft of a laptop or ‘dumpster diving’
• Forensic, notification and credit protection costs resulting from the breach

Oliver Brew, Vice President of Hiscox, said: “We are delighted to be working with AEGIS on this project. The members of AEGIS are precisely the type of utilities and energy companies that are required to hold considerable volumes of customer data and other highly sensitive information, thereby exposing them to a high privacy risk. With electronic-crime and data breaches on the increase, this is a timely move.”

 Ends

For further information please contact:                                                                                                                                

Cubitt Jacobs & Prosek Communications, New York

About Hiscox

Hiscox (LSE: HSX), headquartered in Bermuda, is a specialist insurance group listed on the London Stock Exchange. There are three main underwriting parts of the Group – Hiscox Global Markets, Hiscox UK and Europe, and Hiscox International.  Hiscox Global Markets underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes offshore operations in Bermuda and Guernsey and Hiscox USA.  Hiscox Insurance Company Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltd are authorised and regulated by the Financial Services Authority.

For further information, visit www.hiscox.com.

Hiscox Inc. trades as Hiscox USA and Hiscox Global Markets in the US.  It is a licensed insurance intermediary for admitted and surplus lines business across the US. Hiscox Inc. underwrites on behalf of, and places business with, select US domestic admitted carriers and syndicates at Lloyd’s of London (www.lloyds.com).  Hiscox USA, headquartered in Westchester County (Armonk), specializes in providing cover for small and mid-size US business risks.  Hiscox Global Markets in the US, headquartered in Manhattan, caters to large risks, particularly in the technology, media and telecommunications industries.  Hiscox Global Markets in the US and Hiscox USA products can be purchased via US-based brokers. 

For further information, visit www.hiscoxusa.com.

 The ability of syndicates at Lloyd’s of London to do business in the USA and US territories is restricted because they are not US-based insurers.  This communication provides general information on Hiscox’s products and services only and is not intended to be, and does not constitute, a solicitation of business by syndicates at Lloyd’s of London from or in respect of the USA or US territories