Bermuda market

IGI Backs A Cyber Reinsurance MGA Built To “Lead”, Not Follow

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International General Insurance has taken a 60% stake in Cipher Underwriting Ltd, a Bermuda-based cyber treaty reinsurance managing general agent. Cipher will be led by Ari Chatterjee, who built Hannover Re’s cyber unit in Bermuda and was later chief underwriting officer at Envelop Risk. Of the news, Chatterjee said, “We are privileged to partner with … Read more

CyberShore Bermuda: Marsh Unveils $30M Excess Cyber Insurance Facility

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Marsh Unveils CyberShore Bermuda Cyber Insurance Facility Marsh has launched CyberShore Bermuda, a new cyber insurance facility offering $30 million in excess Bermuda capacity. The facility targets coverage layers above $75 million. It provides follow-form excess coverage that aligns with existing cyber insurance programs. Claims Enhancement Streamlines Process A standout feature is the claims enhancement. … Read more

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