Reinsurers eye 'pockets of opportunity' in cyber market
The market's huge growth potential is attractive but while cyber risk is profitable on the insurance side, reinsurers are concerned about risk aggregation and the scale of losses at one-in-100-year and one-in-200-year return periods
Executives at the Monte Carlo Rendez-Vous said improving market conditions are creating opportunities to write more cyber reinsurance business for key cedents but aggregation issues and lack of retro capacity continue to hold back growth
