09-01-2023
Specialist Lloyd’s re/insurer Beazley has launched a $45 million “market’s first” cyber catastrophe bond with backing from a panel of major insurance-linked securities (ILS) investors. It is the first time that a liquid ILS instrument has been created for cyber catastrophe risks.
Beazley, Cyber, Catastrophe bong, ILS, Alternative risk transfer, Insurance, Reinsurance, London, UK
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