New York, NY — Falcon Risk Services, an MGA majority owned by HDI Global Specialty, a wholly owned subsidiary of HDI Global SE, proudly announces the launch of its newest Cyber, Technology E&O and MPL insurance solution, FalconFlight. This comprehensive offering is designed to address the complex and rapidly evolving risks faced by modern businesses.
With up to $10M in A+ rated capacity, FalconFlight sets a new benchmark for broad protection in the industry, offering tailored solutions for companies with revenues ranging from $10 million to $3 billion. The product is designed with versatility in mind, appealing to a broad spectrum of industries, and is equipped to handle the unique challenges posed by today's dynamic risk environment.
“With FalconFlight, we’ve redefined what businesses should expect from their insurance coverage,” said Mary Spicer, Senior Vice President and Head of Cyber and Tech E&O at Falcon Risk Services. “In an era where digital threats and professional liability risks are growing more complex, this product delivers the comprehensive and flexible solutions our clients need to confidently navigate uncertainty that policyholders face.”
Key Features of FalconFlight Include:
- Pay on behalf for Cyber Extortion
- Dependent Business Interruption extended to non-technology providers
- Hardware Replacement Costs included as part of Data Recovery Expenses
- Voluntary Shutdown included in Business Interruption and is not subject to a time cap
- Media Liability for both digital and print content
Favored Industry Classes Include:
- Healthcare
- Financial Services
- Technology Providers
- Advanced Manufacturing
- Professional Services Firms
- Retail
Falcon Risk Services is a leader in specialty insurance solutions, offering a comprehensive suite of products, including Management Liability, Professional Liability, and Cyber Insurance, tailored to meet the unique needs of businesses. As a proud member of the HDI Global SE family, rated A+ (Stable) by AM Best, we are dedicated to providing exceptional service and innovative coverage to help businesses navigate uncertainty with confidence. To learn more about FalconFlight or request a copy of the policy form, visit
www.falconriskservices.com/cyber-and-tech-eo
For media inquiries, please contact:
John Merchant
EVP, Cyber & Professional Liability
Falcon Risk Services
+1 347-866-5159
john.merchant@falconriskservices.com
About Falcon Risk Services
Falcon Risk Services, an HDI Company, is a leading provider of specialty underwriting and claims solutions, with a strong focus on Cyber and Technology E&O Coverage. As part of the Talanx Group, Germany's third-largest insurer, Falcon combines extensive experience with data-driven analysis to address emerging risks across a wide range of products and market segments.
Falcon is headquartered in New York City, with operations in Atlanta, Boston, Chicago, Houston, Philadelphia, Phoenix, Portland, and San Francisco.
https://www.falconriskservices.com/
About HDI Global SE (HDI)
Corporate & Specialty insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programmes and offers its multinational customers compliant coverage worldwide.
HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17).
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.
Disclaimer
This news release may contain forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG and/or HDI Global SE management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global SE’s control, affect Talanx AG’s and/or HDI Global SE’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global SE do not guarantee that the assumptions underlying such forward-looking statements are free from errors nor accept Talanx AG and/or HDI Global SE any responsibility for the actual occurrence of the forecasted developments. Talanx AG and/or HDI Global SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.