Research reveals nearly a third of UK businesses have experienced security breaches or attacks in the past year.
Deal follows Arch's purchase of Ardonagh's commercial MGA businesses last year.
The commercial property MGA said the package of covers includes liabilities involved with irregular construction or unusual occupations.
The affinity speciality has bought both the firms which include the Insurance2Go and Better Buy Insurance brands.
The two firms hope the Broker Insights platform will help Biba's regional broker members to become more visible to insurers.
The insurer has updated the policy to include standard cyber cover and cyber-crime and cyber online liability as additional covers.
Purchase has been approved by the European Commission.
Regulator calls on financial services market to submit applications before 28 March.
Bank says the platform will aid regulated professions including insurance.