The Source for Cyber Insurance News, Insights and Data
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
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
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