Tie-up to include CloudInsure

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Lockton Re has entered into a new partnership with cloud insurance broker CloudInsure and Liberty International Underwriters (LIU).

The partnership will give LIU access to the corporate clients of CloudInsure’s cloud service technology firms.

LIU will insure corporate clients of CloudInsure if data stored in the cloud is accidently released or if CloudInsure’s system fails to deliver as promised.

Lockton Re executive director Tony Jones said: “This new insurance platform combines CloudInsure’s specialist underwriting models and analytical capacities with LIU’s long track record of industry-leading solutions and strong financial stability, to create what will become the standard in cloud insurance.”

Lockton Re London executive director James Moss said: “The cloud distribution network offers huge growth potential for the insurance industry, and at Lockton Re we are very excited to be working alongside companies with the necessary vision and expertise to recognise this opportunity.”