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Synopsis
Lloyd's, an insurance and reinsurance marketplace, completed the investment in BreachBits, a cyber hacking innovation company. Financial terms were not disclosed. "BreachBits is revolutionising cyber risk assessment by providing insurers with key visibility into their clients' security posture. Their time in the Lloyd's Lab helped refine their approach from concept to market-ready solution, demonstrating exceptional results during pilot testing. We're proud to support their continued growth through this investment – strengthening data-driven cyber solutions that enable our market to underwrite with greater confidence and precision,” Rosie Denée, Lloyd's Head of Innovation, Commercial Education and Engagement.
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