International Marine Underwriters Now Offering Cyber Coverage

PLYMOUTH, Minn. (October 3, 2018) – International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of intrusion or interference with computer systems, damage to data and systems from cyber-attack and cyber-related litigation. Coverage is available as an endorsement to an existing IMU marine policy, including yacht club, marina and commercial marine package and certain hull and protection & indemnity policies.

“We’re pleased to bring this new product to our customers” said Bob Gallagher, President of International Marine Underwriters. “While cyber threat in the marine industry is still an emerging risk, today’s digital environment and network dependence will increase the need for such protection and will become integral coverage for many of our customers.”

IMU’s cyber coverage includes first-party and third-party liability coverage for threats including data compromise response expenses; computer attack; cyber extortion; data compromise liability; network security liability; and electronic media liability. Additionally, customers will have access to cyber-specific resources and services through eRiskHub®, an online risk management portal designed to help customers prepare and respond quickly and effectively to data breach and cyber-attacks.

For more information on International Marine Underwriters’ cyber coverage and other products and services, visit imu.com.

About International Marine Underwriters: International Marine Underwriters traces its roots to the early 1900s, and offers a full range of ocean marine insurance solutions across the U.S. and Canada. Ocean marine products include, but are not limited to, commercial hull and marine liabilities at both the primary and excess levels; ocean and air cargo with coverage extensions such as inland transit, warehousing and processing; yachts; and several marine package products with comprehensive property, auto and liability coverage.

About OneBeacon: OneBeacon Insurance Group Holdings, Ltd. (“OneBeacon”) is a subsidiary of Intact Financial Corporation (TSX: IFC). OneBeacon’s underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident and health; commercial surety; entertainment; environmental; excess property; financial institutions; financial services; healthcare; inland marine; management liability; ocean marine; public entities; technology; and tuition refund. For further information about our products and services visit: onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: onebeacon.com/newsroom. For information about Intact Financial Corporation visit: intactfc.com.