Bank of America (BofA) is concerned about the state-backed cyberattack exclusion being implemented by Lloyd’s and has expressed its apprehension with the insurance marketplace, according to the Financial Times.
Citing people familiar with recent discussions between Lloyd’s and major clients, the publication reported that BofA supposedly raised the matter directly with Lloyd’s during one such meeting. Meanwhile, broking giant Marsh is said to have arranged time for its clients to do the same.
