HomeMy WebLinkAboutExhibit 4 - Recommendation Letter
8/11/2026
City of Denton
215 E McKinney
Denton, TX 76201
Re: City of Denton 10/1/2026-27 Cyber Insurance Renewal Proposal
To Whom it May Concern:
Thank you for the opportunity to assist the City of Denton with the 10/1/2026-27 Cyber insurance
policy renewal.
The Cyber Insurance market in 2026 remains stable, with conditions generally favorable to buyers
with adequate controls, cybersecurity posture, and loss experience. While rates remain stable, with
many buyers receiving pricing reductions, insurers remain conscious of the evolving AI, ransomware,
and social engineering landscape.
Lockton approached three markets, Resilience (incumbent), Coalition, and Starr for renewal terms in
2026. All three markets provided quotations.
Resilience, the incumbent carrier, was able to offer competitive terms, at a 25% decrease year over
year. Terms and conditions remain aligned with the expiring program, with an improvement in the
deductible. Annual premium for the policy is $90,000. Including the additional Edge Services Package,
and Taxes & Fees, the annual amount due is $124,401. This is a reduction from $156,073 in 2025.
Coalition quoted terms for 2026, with an annual premium of $115,617 (including taxes & fees).
Starr quoted the program at $85,000 but was unable to meet the full limit requirement that the City
requires. Accordingly, $85,000 for the limit is not competitive.
Lockton recommends that the City of Denton renew the 10/1/2026-2027 Cyber Insurance Program
with Resilience. Thank you again for allowing Lockton to assist with the placement of this Cyber
insurance policy. Please let us know if you have any questions regarding this renewal.
Sincerely,
Neil Cohen
Senior Vice President, Practice Leader
Lockton Companies
LOCKTON COMPANIES 214.969.6700
2100 Ross Avenue, Suite 1400, Dallas, TX 75201-6706 lockton.com