Major ILS investors back Beazley’s groundbreaking $45m cyber catastrophe bond
09-01-2023
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.
Key takeaways
- 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.
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Cyber, ILS, Beazley, Hannover Re, Jonathan Drake, DWF, Juan Marcano, CyberCube, Lawrence Perret-Hall, CFYOR Secure, Capacity, Risks, Policies, Capital
