
Michael Gaudet
Managing Director, Energy & Power Specialty Lines Leader
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United States
Energy and power organizations need efficient solutions for cyber risks, which can threaten the continuous reliability of operations, a key concern in the industry.
Cyberattacks against those in the sector continue to increase, due in part to politically motivated attacks that specifically target energy sector operational technology systems in novel ways. Risk finance and effective cyber controls should work in concert to help energy companies manage their evolving cyber risks.
Marsh’s Energy Cyber Cap addresses key concerns about your coverage and cybersecurity controls as you seek more efficient risk transfer.
Marsh meets continuously with insurers that are typically willing to provide efficient capacity to our energy sector clients that have demonstrated cybersecurity maturity. Under Marsh’s Energy Cyber Cap, we have developed a lineup of insurers that are willing to provide follow form capacity with coverage that is tailored to address the most pressing cyber risks concerns of our energy sector clients.
The availability of coverage enhancements and features are subject to each insurer’s underwriting discretion and therefore may depend on risk characteristics such as the maturity of cyber controls, and other considerations, including insurer’s risk appetite.
Marsh’s Energy, Power & Renewables Practice includes 900+ colleagues in 8 regional hubs, placing more than $6 billion in insurance premium annually in support of over 3,000 clients. In addition to our industry focus, Marsh has a deep bench of cyber risk specialists providing brokerage services to over 160 energy and power organizations. We help you take an enterprise-wide approach to build cyber resilience and work with you to identify and contextualize risks and develop a tailored program.
Managing Director, Energy & Power Specialty Lines Leader
United States
Managing Director, US and Canada Cyber Placement Leader