Lockton Re, the reinsurance arm of the privately held independent insurance broker, has adopted CyberCube’s newly launched product, Exposure Manager (XM).
Earlier this month, CyberCube, a provider of cyber risk analytics, launched XM, which enhances reinsurers’ expertise by translating granular, single-risk metrics into strategic, portfolio-level insights.
The company explained, “By moving toward a quantitative approach to cyber risk quality, XM equips reinsurers to underwrite with greater confidence, insurers to audit and assess their portfolio strategy, and reinsurance brokers to better inform and advise all parties in a transaction, helping to drive a more sustainable cyber market.”
Lockton Re’s adoption of the product underscores the broker’s commitment to delivering data-informed insights and sustainable solutions for its clients.
As XM presents a unifying view of client portfolios, Lockton Re will be able to efficiently benchmark, advise, and position its clients in the appropriate light, facilitating reinsurance transactions and strategic advisory.
Oli Brew, Head of Cyber Centre of Excellence, Lockton Re, commented, “We’re excited to be working with CyberCube on the Exposure Manager platform. XM allows us to dive deeper into the cyber hygiene of client portfolios, identify blind spots, and bring a level of analytical rigor that the cyber market has long needed. Portfolio steering is significantly enhanced by the use of XM.”
John Anderson, Senior Principal Product Manager, CyberCube, added, “XM was built with and for industry leaders like Lockton Re, who are pushing for clarity and control in an increasingly complex cyber risk landscape. We’re thrilled to support Lockton Re as it leads the market toward a more transparent, data-centric future in cyber risk and exposure management.”
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