Global insurance broker Howden has launched a new primary cyber and technology errors and omissions (E&O) insurance product in collaboration with Lloyd's Insurance Company. The product is backed by Canopius, IQUW, and three of Lloyd's underwriters.

The new facility will be offered in 14 countries across Europe and will cover companies with a turnover of up to EUR 3 billion (~USD 3.3 billion) with a limit of EUR 20 million (~USD 24 million). The product includes first- and third-party coverage, as well as breach response and proactive risk management services.

Howden also announced the appointment of Jean Bayon de La Tour, former head of cyber at Marsh, as its international head of cyber. Reporting to Shay Simkin, group head of cyber, he will focus on adapting Howden’s cyber product to meet evolving customer needs.

Howden provides global broking and underwriting services, specializing in areas such as the public sector and employee benefits. Howden claims to be the largest independent broker headquartered outside the US.