Major ILS investors back Beazley’s groundbreaking $45m cyber catastrophe bond
Two cyber ILS deals were launched in January in a watershed moment for the market. Here, a panel of experts debate what this new source of capacity for cyber risks could mean for this line of business and end policyholders.
- The deals are seen as a game-changer for cyber risk transfer
- New capacity will benefit all sizes of policyholders
- A greater standardisation of coverage is now inevitable
- A major cyber event is possible but could also trigger innovation
Yet this new capacity could add long-term stability and transparency to a market, and should help policyholders at all levels ultimately be more able to secure the capacity they need at an affordable price over time.
Cyber, ILS, Beazley, Hannover Re, Jonathan Drake, DWF, Juan Marcano, CyberCube, Lawrence Perret-Hall, CFYOR Secure, Capacity, Risks, Policies, Capital