Antares Launches Cyber War Coverage for US Critical Infrastructure Operators

Antares' Lloyd's Syndicate 1274 has introduced a new affirmative cyber war product for US critical infrastructure providers, including power, water, and gas operators. This product aims to address coverage uncertainties arising from the difficulty of attributing cyber attacks to specific hostile states. Developed with Canopius and approved by Lloyd's, it provides dedicated cover against state-backed cyber activity. The initiative responds to escalating threats from state actors, particularly Chinese groups like Volt Typhoon, which have gained long-term access to US critical infrastructure networks. The product fills a gap in federal coverage, as current policies under the Terrorism Risk Insurance Program do not adequately address cyber-related losses. Federal agencies have noted the inadequacy of existing frameworks in certifying cyberattacks as acts of terrorism. Antares aims to provide clarity and certainty for clients in a complex insurance landscape.

Key Points: • Antares has launched a new affirmative cyber war cover for US critical infrastructure. • The product addresses coverage gaps due to challenges in attributing cyber attacks to state actors. • Escalating threats from state-backed actors like China highlight the need for this coverage.