Metropolitan Utilities District Agenda 2026-06-03
Cyber Liability Program Renewed with Obsidian and Lloyd’s
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Description
MUD will renew its cyber liability coverage with a two-carrier structure led by Obsidian Specialty Insurance Company (55%) alongside Lloyd’s of London (45%). The combined premium falls to $51,913 while preserving confidential loss limits for cyber events.
Contract Details
Contract Amount
Included in total cyber premium of $51,913 (55% share)
Vendor
OBSIDIAN SPECIALTY INSURANCE COMPANY
Agency
Metropolitan Utilities District, NE
Contract Type
INSURANCE
Document Date
June 3, 2026
Contract Term
June 15, 2026 - June 15, 2027
Renewal Date
2027-06-15
Renewal Info
Renewal and restructuring of prior cyber coverage, with Obsidian assuming majority share and total premiums reduced due to favorable claims and competition.
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