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FM Global Announces New Cyber Insurance Innovation—Cyber Optimal Recovery

Endorsement Allows Clients to Maximise Recovery Following a Cyber Loss

LONDON, UK—FM Global, one of the world’s largest commercial property insurers, today announced an industry first: Cyber Optimal Recovery, an endorsement to its all-risk FM Global Advantage® policy that helps maximise a client’s recovery from a cyber-related loss to enhance their business resilience.

Designed for clients that have—or intend to purchase—a stand-alone cyber policy, the new Cyber Optimal Recovery endorsement grants FM Global clients the option to choose whether the FM Global Advantage policy is primary, contributing or is in excess to a cyber policy, in order to maximise recovery under both policies.

“Cyber risk is becoming increasingly sophisticated and complex and leading many organisations to purchase separate cyber policies that often cover both third-party liability and first-party property. This creates a scenario where it may be unclear how these policies would interact in the event of a cyber loss,” said Bret Ahnell, FM Global executive vice president. “This endorsement was developed in direct response to feedback from our mutual policyholders to ensure they receive the best cyber claims recovery possible with contract certainty.”

Established nearly 200 years ago, FM Global ( is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. FM Global works with many of the world’s largest organisations to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. FM Global is rated ‘A+’ by Standard & Poor’s, ‘A+’ (Superior) by A.M. Best, and ‘AA’ (Very Strong) by Fitch. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited.