Hannover Re and Stone Ridge strike innovative $100m retro cyber risk deal
19-01-2023
Major ILS investors back Beazley’s groundbreaking $45m cyber catastrophe bond
09-01-2023
With not one but two cyber ILS deals being launched in January, a panel of experts debate why this new well of capacity for cyber risks is needed and very welcome for a complex yet fast-growing line of business.
Key takeaways
- Beazley and Hannover Re heralded as pioneers
- After almost a decade of talks, these deals represent a watershed
- New source of capacity welcomed as cyber risks grow exponentially
- Insurers must continue to invest in measuring cyber risks
January 2023 could come to represent a watershed moment in the development of the insurance-linked securities (ILS) markets. After almost a decade of wrangling and debate by the very best dealmakers in the risk transfer landscape, not one but two cyber ILS deals finally came to market.
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cyber, ILS, Beazley, Hannover Re, pioneers, capacity, , significant, transfer, experts, Jonathan Drake, DWF, Lawrence Perret-Hall, CYFOR Secure, Juan Marca
