Lockton Re has brokered a strategic partnership agreementbetween CloudInsure, a cloud insurance platform, and LibertyInternational Underwriters (LIU).  The new insuranceplatform is supported by CloudInsure's underwriting models andproprietary analytics.

LIU is the first primary insurance carrier to offer capacity andcoverage specifically tailored for this platform covering dataprivacy and technology errors and omissions risks in the cloudenvironment.

CloudInsure clients will have access to specialist privacy coverfor data stored in the cloud should it be unintentionally released,and technology errors and omissions coverage if their systems failto deliver as promised. The data insurance products will provideaccess to pre and post-loss support services including pre-lossrisk management, post-loss computer forensics, credit monitoringand restoration, data breach notification services, and legaladvice. 

"Lockton Re strives to create real world solutions for clientsby utilizing innovative and out of the box thinking," says TonyJones, executive director of LocktonRe. "This is why we arethrilled to be able to bring like-minded organizations such asCloudInsure and LIU together in a partnership that will providecloud providers and their clients with solutions to their dataprivacy and technology errors & omissions exposures."

Adds James Moss, executive director, Lockton Re London, "Thecloud distribution network offers huge growth potential for theinsurance industry, and we are excited to be working alongsidecompanies with the necessary vision and expertise to recognise thisopportunity."