Markel Canada Announces Launch of Canada 360, Comprehensive Insurance Solutions for Cyber, Tech and Fintech

Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), announced the launch of Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada policies, now available on a primary basis.

Cyber 360 Canada is tailored to meet the needs of Canadian clients seeking standalone cyber coverage. The coverage is designed to address evolving threats, ensuring robust protection for clients now and in the future. Alongside the premium insurance product, Cyber 360 Canada has developed a comprehensive suite of pre-breach services in partnership with leading industry experts. Markel Canada’s goal is to assist clients throughout every stage of their risk transfer lifecycle.

Tech 360 Canada is a modular primary insurance solution specifically designed for the technology sector. It offers clients the flexibility to combine Technology Errors and Omissions coverage with Cyber coverage and Management Liability—including Directors and Officers, Employment Practices Liability, and Fiduciary Liability—under one single policy.

Building on the success of the longstanding Markel Fintech policy, Fintech 360 Canada reaffirms Markel’s position as a leader in this vital subsector of the Canadian technology market. Specifically designed for fintech organizations, Fintech 360 Canada offers customizable coverage that can include Cyber Liability, Management Liability (Directors and Officers, Employment Practices Liability, and Fiduciary), Theft and Crime coverage, as well as tailored Fintech Errors and Omissions protection.

To complete its comprehensive insurance offering for clients, Markel Canada is partnering with experts ranging from breach coach service providers and forensic and data restoration firms to ransom negotiators and other specialists. This collaboration ensures that clients have access to the resources they need before, during, and after a cyber incident. The services are available 24/7, delivering peace of mind and expert guidance to navigate the high-stakes, complex nature of cyber breaches.

“We are thrilled to introduce our new suite of Canada 360 products,” said Ed Rawe, Assistant Vice President, Cyber. “This launch reflects our commitment to understanding the dynamic needs of our clients and providing them with comprehensive solutions.

We hope that our standalone solutions, paired with comprehensive value-added services, will give our clients the confidence and assurance that their risks are effectively managed and their business continuity is protected.”

For more information on Markel Canada’s cyber risk appetite and the range of industries supported, visit https://www.markel.ca/products/professional-and-financial-risks/cyber.