Wed, 18th Mar, 2015

Introduction of Cyber Liability Insurance

The 2014 year was one that was filled with great competition. As a result of the competitive environment, one of NUA's goals was to develop/introduce a relatively new product to the insurance market to separate the Agency from the competition. Consequently, after collaborating with Willis Ltd., the second largest reinsurance broker in the world, the Agency was able to negotiate an exclusive Facility to offer Cyber Risk Security, Network & Privacy Insurance in The Bahamas.

In the ever-evolving technological landscape in which we live, our lives are dominated by technology. The development and widespread usage of the internet also means that more and more aspects of our daily, personal and business lives are moving online. The creation of this digital world has brought about a by-product being Cyber Risk. The Facility allows us to place insurance for various aspects of cover ranging from $250,000 to $2 million at very competitive terms and with fast turnaround time. The cover provides protection against third party losses as a result of hacking attacks or viruses emanating from the insured computer systems, computer system damage, system business interruption, regulatory actions to name a few aspects of cover.

On April 24th, 2014, NUA held a cocktail reception and invited 75 of their commercial clients to the product launch. The key note speaker for the presentation was Charles Juarbe from Willis Ltd. An appearance was also made on Bahamas @ Sunrise by Charles Juarbe, Richard Uriasz and Stanford Charlton. NUA also got a great deal of press cover after the event via newspapers and television. There were also new marketing adverts created for the new product.

Other News & Events:


Tue, 21st Apr, 2009
Bahamas First Combines its Company-owned Agencies Under the NUA brand

Thu, 28th Apr, 2011
FCII Designation awarded to NUA's Stanford Charlton

Wed, 11th May, 2011
Warren Rolle takes Over Helm at NUA

Wed, 11th May, 2011
General Brokers & Agents now part of the Bahamas First Group

Wed, 18th Mar, 2015
Introduction of Cyber Liability Insurance


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