Arch Insurance International has launched an event cancellation cyber product offering cover for cancellation, abandonment, curtailment, interruption, postponement or relocation of an event resulting from an unauthorised, malicious or criminal cyber act, or computer system failure.

The cover is available via Arch IQ, the firm’s quote and bind platform as well as through the London Market. It is offered as a cyber extension to an event cancellation policy and provides access to specialised investigation, security, legal and PR consultants

Chris Rackliffe, head of contingency and accident and health, said: “This coverage was developed in response to the growing demand for cyber cover for events as the risk of malicious cyber activity facing event organisers rises.”

He added: “Our aim is to make the placement of complex events coverage quick and simple, which is why we have made this product accessible both on the open market and through Arch IQ.”