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Allianz Global Corporate and Speciality partners with BAE Systems to help businesses defend against cyber attack

Allianz Global Corporate and Speciality partners with BAE Systems
BAE Systems’ cyber division has teamed up with Allianz Global Corporate and Speciality (AGCS) to help its customers better defend and protect against the threats they face from cyber breach.
The partnership sees BAE Systems join Allianz’s exclusive Incident Response panel, set up to help businesses minimise data loss and reputational damage from a cyber-attack.
BAE Systems has decades of experience of working with Governments, nations and businesses to counter the threat posed by cyber-attack, and has proven time and again its ability to act quickly in the event of a data breach.
How companies respond in the first 72 hours following a security breach matters more than what happens later in containing direct and indirect losses. However, it is common for companies to lose valuable time in finding and contracting the specialists they need. The relationship with BAE Systems will offer Allianz customers access to the Company’s GCHQ-accredited incident response experts for the very first time, allowing them to identify and tackle potential shortfalls, and address any breach effectively when minutes really count.
Nigel Pearson, Global Head of Fidelity at Allianz Global Corporate & Specialty said:
“The new generation of cyber risks are more complex: moving from corporate data breaches and privacy concerns to threats including intellectual property theft, cyber extortion and the impact of business interruption following a cyber-attack or from operational or technical failure; a risk which is often underestimated.
“With our new partner BAE Systems, our cyber insurance policyholders will benefit from unique access to a panel of forensic IT experts who will work with them to manage a cyber incident.”
Dr Scott McVicar, General Manager EMEA, BAE Systems Applied Intelligence commented:
“Businesses are increasingly aware of the risk posed by cyber-attack and the damage that they might face if they do not effectively prepare for potential breaches. We have also seen that the way that companies respond in the event of an attack can have a significant impact on customer perceptions, share value, reputation, brand loyalty and even senior leadership.
“This collaboration helps address the potentially far-reaching impact of a breach, providing Allianz clients with access to industry leaders to reduce, transfer or manage cyber risk.”
Cyber risk appears in many forms, all of which can represent major threats to business. Companies increasingly face new exposures, including first and third-party damage, business interruption and regulatory consequences.

For further information, please contact:
BAE Systems

Nick Haigh, BAE Systems
M: 07525 3909782
Allianz Global Corporate & Specialty 
Michael Burns 

Notes for Editors 
About BAE Systems
At BAE Systems, we provide some of the world’s most advanced technology defence, aerospace and security solutions.
We employ a skilled workforce of 82,500 people in over 40 countries. Working with customers and local partners, our products and services deliver military capability, protect people and national security, and keep critical information and infrastructure secure.
At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.
We do this using our unique set of solutions, systems, experience and processes - often collecting and analysing huge volumes of data. These, combined with our Cyber Special forces - some of the most skilled people in the world, enable us to defend against cyber-attacks, fraud and financial crime, enable intelligence-led policing and solve complex data problems.
We employ over 4,200 people across 18 countries in the Americas, APAC, UK and EMEA. For further information about BAE Systems Applied Intelligence, please visit
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates in 29 countries with own units and in more than 160 countries through the Allianz Group network and partners. In 2015, it employed more than 5,000 people and provided insurance solutions to more than half of the Fortune Global 500 companies, writing a total of €8.1 billion gross premium worldwide annually.
AGCS is rated AA by Standard & Poor’s and A+ by A.M.Best.
For more information please visit or follow us on Twitter @AGCS_Insurance