CloudCover® Announces BMS Group as Their Broker of Record

Published: February 28, 2023 Author: John Riordan

CloudCover® announces BMS Re (a trading name of BMS Group companies) as their Broker for promoting the innovative potential of the CC/B1 to the worldwide insurance market, carriers, reinsurers and insureds globally. BMS Re has reaffirmed its relationship with CloudCover® and thereby is able to leverage its global resources via both wholesale insurance and reinsurance platforms to bring the CloudCover® CC/B1™ to insurance customers all over the world, helping to bring forward the latest cybersecurity platform solution to reduce and control cyber risk.

BMS Re, globally, views the CloudCover Cybersecurity Platform as a highly differentiated offering within the fast-growing Cyber Insurance market with immense potential to not just reduce risk, but to better inform the underwriting process, educate its users and make better decisions – all emphasized by CloudCover’s willingness to promise customers the CC/B1 won’t suffer a ransomware attack by providing a $1,000,000 guarantee. It is expected to garner interest from individual insured’s as well as insurers, public entity pools and other risk bearing entities looking to provide a unique offering across their portfolios.

“The global BMS team is excited to partner with CloudCover on an exceptional new offering” in cyber insurance, stated Simon Meech, Cyber Practice Leader at BMS Group, noting the platform’s ability to reduce organizational risk significantly.

About BMS Group

BMS Group is a leading independent specialist (re)insurance broker. For 40 years, BMS has provided comprehensive, customized solutions in wholesale, reinsurance and direct insurance, and capital advisory. For more information: www.bmsgroup.com

About CloudCover

CloudCover® is a cybersecurity platform company reimagining protection for network infrastructure, delivering extended network prevention through automated detection and blocking of malicious traffic.