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Cyber

Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.

Cyber

Cyber catastrophe bonds show potential for diversification: CyberCube

Losses ‘far less than perfectly correlate’ across the four recently issued 144A cyber catastrophe bonds, modelling firm says

Reinsurance Cyber

US cyber MGAs usurping traditional carriers in SME market: QBE's Kofie

Rooted in technology rather than insurance, US managing general agents are ‘big disruptors’, QBE Europe’s cyber expert Erica Kofie says

Europe QBE

Munich Re calls for European cyber backstop

The largest systemic cyber threats were beyond the equity of the market, reinsurance giant's chair says 

Europe Munich Re

Cyber market continues to grapple with modelling

There are still important variations between models in how events are defined and what coverages are captured, industry experts say

International Cyber

Beazley merges in-house cyber services and cyber security firm

The Lloyd’s insurer is integrating its risk management services, offered as part of its cyber policy, with its cyber security offering

London Beazley

UK cyber governance code will be good for insurers: Corvus

The proposed code of practice will create a useful framework for insurers to start discussions with businesses, particularly in the SME market

United Kingdom Cyber
United States Regulation

Swiss Re sponsors first cyber ILS to use industry loss trigger

The 144a insurance-linked security uses Perils’ US cyber industry loss index as a trigger

Swiss Re Reinsurance

AIG names cyber expert Inglis to board of directors

Inglis spent 28 years with the US National Security Agency, most recently as adviser to US president, Joe Biden

United States AIG

Marsh Specialty appoints Fort international cyber product leader

Fort will join the specialty broker’s recently launched global cyber practice

Marsh Specialty

Nirvana names García-Beltrán head of cyber for Europe

Specialist managing general agent appoints former WTW executive to create new SME cyber product

Europe Specialty

Hannover Re reports 1/1 growth of 6.9%

Reinsurance rates remained favourable across regions and lines of business, says chairman, Jean-Jacques Henchoz

Hannover Re Reinsurance
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