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Marriott hotels hack designated as PCS Global Cyber loss event

Last weeks announcement of a major cyber hack attack and resulting data breach of one of the Marriott hotel chain's reservation systems is expected to lead to a significant cyber insurance and possibly reinsurance market loss, leading Property Claim Services (PCS) to designate the event.Our sister publication Reinsurance News was read the full article →

Silent cyber has potential to cause ILS fund losses, scenario shows

A cyber attack scenario where hackers targeted a U.S. hydroelectric dam causing significant property damage through flooding, could clearly result in losses flowing through to the insurance-linked securities (ILS) market thanks to so-called silent cyber exposure.Insurance and reinsurance broking specialist Aon worked with Guidewire Software's Cyence Risk Analytics team to read the full article →

Artemis Monte Carlo Rendezvous Executive Roundtable 2018

Welcome to the third Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which insurance, reinsurance, and insurance-linked securities (ILS) market participants discussed the response of the capital markets to 2017 catastrophe events, where ILS growth might come from, and emerging risks such as cyber, as well as other industry trends.After the read the full article →