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Marsh launches program for cyberrisk management

Marsh LLC has launched Cyber Catalyst, a program aimed at managing cyberrisk by providing organizations with assistance in making decisions about cybersecurity products and services.

The program unites cyber insurers to assess cybersecurity offerings dealing with major cyberrisks and offer solutions to reduce such risks. These insurers will initially include Allianz, AXIS, AXA XL, Beazley, CFC Underwriting Ltd., Munich Re Co., Sompo International Holdings Ltd. and Zurich North America.

Microsoft Corp. will serve as technical adviser.

The first product designations in the program are expected in the second quarter.