“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the cyber risks,” said Richard Gray, Head of Third-Party Capital at Beazley in this report from Artemis, a provider of information on insurance catastrophe bonds and ILS (144A cat (catastrophe) bonds.). “Obviously, we’re hoping to continue that growth in the market,” Gray said during a late March ILS conference sponsored by Artemis.
Large Growth Potential Seen for Cyber Insurance-Linked Securities
We’ve reported extensively on the potential role of cat bonds in providing the rapidly-growing cyber insurance market with additional risk capacity and the potential growth of such securities.
Artemis provides a useful list of Beazley cat bonds here.
Other News: Cyber Catastrophe Bonds Poised for Growth Amid Rising Demand, Says S&P(Opens in a new browser tab)
Also, Check out our latest opinion piece. It examines the idea our schools are critical and asks the question. Should schools be considered critical infrastructure? You can read or listen to that here: Redefining Critical Infrastructure: The Rising Stakes of School Cybersecurity and Resilience.Or you can watch it on your YouTube channel, Redefining Critical Infrastructure: Cybersecurity and Schools, is it Critical? (Video)
