28 April 2026
Specialist Lloyd’s broker New Dawn Risk has announced the launch of its new Cyber product designed specifically for healthcare, life sciences, and pharmaceutical organisations across the United States (U.S.).
The new product responds to increasing privacy‑related exposures and growing severity of litigation connected to the Health Insurance Portability and Accountability Act (HIPAA) and state level biometric privacy laws, including the Biometric Information Privacy Act (BIPA). New Dawn Risk has developed the product alongside an A+ rated Lloyd’s syndicate.
“Healthcare organisations are under unprecedented scrutiny around how they collect and manage sensitive data,” said James Bullock-Webster, Head of Tech, Media, and Cyber at New Dawn Risk. “Fines and class action litigation are on the rise, and clients want confidence that their core cyber coverage will stand up when these issues arise. This new product was built with that reality in mind, to protect the integrity of the main policy limit while delivering a meaningful layer of additional financial support.”
New Dawn Risk will offer an additional aggregate limit for regulatory fines and penalties, designed to safeguard the main cyber policy limit from erosion in the event of a privacy‑driven loss. This enhancement reflects rising demand from insureds for more robust protection as U.S. regulators and courts take a progressively stricter stance on the handling of health and biometric information.
“What sets this product apart is the inclusion of sector-specific enhancements,” added Freya Hide, Tech, Media and Cyber Broker at New Dawn Risk. “It was designed to respond to the unique operational and regulatory pressures facing organisations holding large volumes of patient and biometric data. Clients need cyber cover built around their specific exposures; this offering reflects New Dawn Risk’s commitment to designing products that respond directly to ongoing market challenges.”
The launch builds on New Dawn Risk’s specialist cyber capabilities and experience structuring solutions for complex, regulation‑driven exposures within the U.S. market.
Notes to Editors
New Dawn Risk is an independent specialist Lloyd’s insurance broker, focusing on professional & financial lines and cyber. We work with retail and wholesale insurance brokers in the United States and internationally to provide expert solutions for complex and unique risks.
