Exclusive: Tesco places £850 million cyber insurance tower led by Brit consortium

Sources say Tesco has placed £850 million cyber insurance tower Cover includes stock spoilage protection in primary layers Sources say program is largest cyber tower placed for a UK supermarket By George Abbott Oct 14 (The Insurer) — Tesco has completed the placement of an £850 million ($1.13 billion) cyber insurance tower brokered by Aon and led by Brit’s Cyber Attack Plus (BCAP) consortium, a cyber broker and two cyber underwriters with knowledge of the placement told The Insurer. The program is the largest to date to be placed for a UK supermarket, the sources said. The Insurer was not able to confirm the size of Tesco's expiring cyber tower, but all sources said the new replacement represents a significant increase in limit. Stock spoilage protection is included in the primary layers, the sources said. BCAP is a Lloyd’s consortium led by Brit Syndicate 2987. It advertises capacity of up to $200 million and offers protection for cyber-triggered physical damage and resulting business interruption, alongside non-physical cyber losses. Tesco’s 2026 annual report identified cybersecurity as a principal risk, citing potential operational disruption, loss of critical assets and an imp