MGA launches mid-market cyber product
Cyber manging general agent Onda has launched Onda X, a new product that supports mid-market companies in the UK and France.
The offering builds on Onda’s previous entry into the SME market, and provides primary and excess coverage limits up to £5m for companies with annual revenues greater than £100m up to £1bn.
Onda X is underwritten by Everest, through Lloyd’s of London, which is rated A+ (Superior) positive outlook with AM Best, and AA- (Very strong) stable outlook with Standard & Poor’s.
The MGA added Onda X “is built to simplify the cyber insurance placement journey, whilst removing the requirement for technical
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