Reinsurance broker Lockton Re has adopted Exposure Manager (XM), a recently released product from CyberCube, for cyber portfolio risk transparency.

CyberCube introduced XM earlier this month. The company says the tool enables assessment of cyber portfolio risk by aggregating detailed, single-risk metrics into portfolio-level information.

The product supports a quantitative evaluation of cyber risk quality – intended to assist reinsurers with underwriting, insurers with portfolio review and brokers in advising participants in transactions.

Lockton Re Cyber Centre of Excellence head Oli Brew said: “We are excited to be working with CyberCube on the Exposure Manager platform.

“XM allows us to dive deeper into the cyber hygiene of client portfolios, identify blind spots and bring a level of analytical rigour that the cyber market has long needed. Portfolio steering is significantly enhanced by the use of XM.”

Lockton Re’s use of XM signals its emphasis on providing data-driven analysis and long-term solutions for clients.

It will be applied to benchmarking, advisory and positioning of clients’ cyber portfolios in reinsurance dealings.

CyberCube senior principal product manager John Anderson said: “XM was built with and for industry leaders like Lockton Re, who are pushing for clarity and control in an increasingly complex cyber risk landscape.

“We are thrilled to support Lockton Re as it leads the market toward a more transparent, data-centric future in cyber risk and exposure management.”

Lockton Re recently appointed Ed Le Flufy as its global head of cyber, operating from the company’s London office. Flufy will collaborate with clients and teams internationally.