Hannover Re and Stone Ridge strike innovative $100m retro cyber risk deal
Major ILS investors back Beazley’s groundbreaking $45m cyber catastrophe bond
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.
- 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.
cyber, ILS, Beazley, Hannover Re, pioneers, capacity, , significant, transfer, experts, Jonathan Drake, DWF, Lawrence Perret-Hall, CYFOR Secure, Juan Marca