🇵🇹 Portugal
Beazley Insurance dac – Portugal (via Southern Europe Country Manager) (Beazley plc (UK))

Full Spectrum Cyber
Beazley Breach Response (BBR) – Portugal

by Beazley Insurance dac – Portugal (via Southern Europe Country Manager)
B2BADirectNIS2Broker onlyEU / EEAPortuguese
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Last updated Apr 2026

Product Details§ 01

Max Insurance Limit
Bespoke.
Market Focus
Mid-market to large enterprise.
AM Best Rating
A (Excellent) – AM Best (Beazley Insurance dac)
MGA / Direct
No – Direct insurer.
Policy Language
Portuguese / English
NIS2 / DORA Support
NIS2 and DORA compliance advisory included.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
EU / EEA.
Broker Only
Yes

Advantages & Limitations§ 02

Advantages

  • Dedicated Southern Europe Country Manager appointed (Lorena Segovia, 2024) covering Spain, Italy and Portugal — confirms direct distribution commitment.
  • Coverage via Beazley Insurance dac (Irish-regulated European carrier).
  • Note: Portuguese regulator (ASF) declared ransomware payment indemnification contracts non-compliant with civil law — Beazley policies structured accordingly.
  • Beazley: #1 global cyber insurer by GWP (Insuramore 2023: 6.68% market share; $1.06bn GWP); $1.28bn cyber GWP (2024; +8% YoY); cyber ~20% of group premiums.
  • Full Spectrum Cyber: integrated before/during/after cyber offering — only insurer offering "in-house, end-to-end support from quote to breach and back again".
  • Beazley Breach Response (BBR): flagship policy wording; notification up to 2M individuals; up to £/€/$2.5M breach response; $10M+ aggregate limits.
  • Beazley Quantum (Oct 2024): new £/$100M-capacity consortium for large corporates (>$1bn turnover) via Lloyd's Global Wholesale platform.
  • FLEX consortium (Oct 2024): combined cyber + financial institutions coverage (crime, D&O, cyber) up to €/$50M for FIs globally via Lloyd's or Beazley dac paper.
  • Pioneer cyber cat bonds: $670M+ outstanding; $300M PoleStar 2026-1 (Dec 2025).
  • March 2026: Zurich Insurance Group agreed to acquire Beazley for £8.1bn — pending.
  • March 2026: Zurich Insurance Group agreed to acquire Beazley for £8.1bn — pending regulatory approval.

Limitations

  • ASF regulatory constraint on ransomware payment coverage; policy structure adapted for Portuguese law.

Contact & Response§ 03

Customer Contact
https://www.beazley.com/en-150/products-and-solutions/corporate-solutions/cyber-and-tech/
24/7 Crisis Hotline
24/7 via Beazley Security incident response.
Broker Contact
https://www.beazley.com/en-150/