Alternative Headline: $25M Cyber Coverage for MCOs
[MM Curator Summary]: MSI has launched a dedicated cyber insurance program offering up to $25 million in coverage for managed care organizations.
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TAMPA, Fla., June 26, 2025–(BUSINESS WIRE)–MSITM, one of the largest independent managing general agencies (MGAs) in the United States, announced today the launch of MSI Cyber for Managed Care Organizations, a cyber insurance program dedicated to managed care organizations (MCOs) of all sizes. Designed by MSI, this tailored solution offers dedicated capacity combined with coverage that specifically addresses the complex risks facing health insurers today.
Due to the highly sensitive data that managed care organizations collect and manage, they remain an attractive target for cybercriminals. In addition, MCOs as a class have been generally underserved in the cyber market, especially on a primary basis, due to their perceived risk and overall complexity.
"Our new cyber program for managed care organizations reflects our ongoing mission to bring forward-thinking solutions to underserved sectors," said Rajiv Matta, Chief Innovation Officer of MGA Programs at MSI. "At MSI, innovation means building solutions that address real, unmet needs in the market. This cyber program is an example of our commitment to delivering much needed specialized solutions."
As a Lloyd’s approved coverholder with delegated underwriting authority, MSI is offering a cyber solution that reflects the needs of health insurers, including:
- Limits up to $25 million for primary and excess placements for privacy and cyber liability with technology errors and omissions and miscellaneous professional liability
- Access to flexible risk management services and a market-leading breach response panel, including forensic analysts, privacy and defense counsel, and breach coaches
- Underwriting experts with highly specialized knowledge that is essential to understanding the risk profile of MCOs
Tim LeMarbre, Senior Vice President, Cyber Product Leader at MSI, and Tammy Kocher, Vice President, Head of Cyber Underwriting at MSI, will lead and underwrite this new program, bringing a combined 40 years of underwriting experience.
"MSI Cyber for Managed Care Organizations was developed with a deep understanding of the evolving threats and challenges that managed care organizations face," LeMarbre said. "We are proud to unveil a dedicated, high-capacity solution with the flexibility to deploy our significant limits wherever it is needed in an insurance program."
This launch builds on MSI’s goal of expanding its suite of more than 20 products and solutions across personal, commercial, and professional lines to address the evolving needs of its customers, agents, and brokers. MSI Cyber for Managed Care Organizations is the first of multiple cyber programs that the company plans to offer, leveraging the extensive underwriting experience of its cyber team.
https://finance.yahoo.com/news/msi-launches-cyber-insurance-program-140000969.html
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