reinsurance

Envelop Risk Leverages Its Cyber Tech to Provide Services to Cyber Reinsurance/Insurance Market

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The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more

Guy Carpenter Unveils Revolutionary Cyber Reinsurance Product, CatStop+, to Tackle Risk Volatility

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Guy Carpenter, the global risk and reinsurance specialist under the Marsh McLennan umbrella, has taken steps to address the volatility of cyber risks with the launch of its groundbreaking product, CatStop+. This cyber reinsurance offering combines low-attaching cyber event coverage with the proven mechanics and attritional protection of aggregate stop loss. The innovative structure of … Read more

DeNexus Strengthens Cyber Risk Solutions with Hire Of George Mawdsley

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DeNexus Inc, situated in Boston, Massachusetts, has reinforced its re/insurance and Insurance-Linked Securities (ILS) proficiency with the recent recruitment of George Mawdsley, a cyber risk solutions specialist from Securis Investment Partners, further fortifying the company’s capabilities in managing cyber risk. As the newly appointed Head of Risk Solutions, Mawdsley will play a pivotal role in … Read more

2023 Could See First Cyber “144a Cat Bond:” CyberCube 

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144a Catastrophe (“Cat”) Bonds are trade-able (re)insurance-linked securities (ILS) that “cover more remote risk and that coverage is on a named-perils basis, which provides a level of predictability.”  “’While there have been a few private cyber ILS transactions in the past, the industry is still waiting for the first 144a cat bond,’ Brittany Baker, vice … Read more

Reinsurers Face Challenges in Cyber Insurance Market 

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Growth of cyber reinsurance is limited by inadequate risk assessment tools and capital limitations… “Cyber limits have contracted, and insurers have significantly increased rates so the profitability of the portfolios is better, said Tim Gardner, New York-based global CEO of Lockton Re, a unit of Lockton Cos LLC. ‘I think reinsurers are pretty comfortable reinsuring … Read more

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