launched London-based cyber specialist EmergIn Risk with an initial £20 millionfacility, Intelligent Insurerreported April 11.

TheLloyd's ofLondon-backed facility will write products and services aimed atoffsetting the financial and operational implications of data corruption orthefts, system and network interruptions, system and data extortion and othercyberattacks, the report noted.

EmergInRisk CEO Jamie Bouloux reportedly said the company analyzes its clients'strategy "to develop a balance of differentiated products and serviceswhich we are able to deploy to ensure our clients are protected from cyberexposures."