cyber catastrophe bond

Innovation, Models, and Policy Standards Can Propel Growth in Cyber Cat Bonds and ILS: Geneva Association

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Cybersecurity risks are escalating as businesses embrace digitalization, creating one of the most urgent challenges of our time. Cyber incidents, including ransomware attacks and data breaches, have topped global risk charts, leaving many businesses scrambling for solutions. Despite the exponential growth of the cyber insurance market—premiums soared from $1.5 billion in 2013 to $15 billion … Read more

Beazley Closes $140 Million Cyber CAT Bond; Good Sign for Cyber ILS Market

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The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity trigger and per-occurrence basis, the bond runs for a two-year term through to the end of 2025.” Capital from ILS (insurance-linked securities) will be increasingly … Read more

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