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TMCNet:  CloudInsure and Lockton partner to provide risk management solutions

[January 29, 2013]

CloudInsure and Lockton partner to provide risk management solutions

Jan 29, 2013 (Datamonitor via COMTEX) -- CloudInsure, a cloud insurance platform designed to specifically address emerging privacy and security liabilities within the cloud environment, has entered into an agreement with Lockton, an insurance broker, to provide risk management solutions for clients exposed to hazards associated with cloud technologies.


Through this agreement, CloudInsure will be positioned to establish relationships with primary insurers to offer liability coverage, underpinned by bespoke underwriting models and proprietary analytics, to meet the growing needs of the Cloud Computing space for businesses.

"CloudInsure will provide its partner carriers with a new distribution model that will complement their existing process while allowing for growth and greater market penetration in a highly competitive environment," said Tony Jones, Executive Director at Lockton Re.

"As a top ten global (re) insurance broker we look to use our size to our clients' advantage, creating solutions, and accessing all the major international markets through our network of strategically placed global offices. We use our collective knowledge and market understanding to challenge the traditional answers and tap into creative thinking. We generate unique solutions to problems previously thought unsolvable and find markets for hard to place risks." CloudInsure's Managing Director, Sarah Khan commented, "We are thrilled to partner with Lockton. Their industry expertise and position as a leading (re)insurance broker allows us to streamline our focus to what we do best: providing turn-key insurance solutions that address risk in the Cloud environment." Ben Beeson, Partner in Lockton's Global Technology and Privacy Practice, said: "Businesses have woken up to the opportunities of Cloud deployment. However, the risks they face have meant widespread adoption has stalled. It is incumbent on the insurance industry to innovate as technology changes to meet its clients' evolving challenges. Lockton is proud to be at the forefront of providing solutions to Cyber risks." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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