Cyber catastrophe bond news

Parametrix is delighted to see expanded support from investors across the market to cover the tail risk of cloud outage events through Hannover Re’s successful renewal of its landmark parametric catastrophe bond, Cumulus Re (Series 2026-1), Sharon Haran, Managing Director of Parametrix Analytics, has said.

Hannover Re has sponsored a second successful renewal of its landmark parametric cloud outage catastrophe bond, this time securing $35 million in retrocessional cyber reinsurance protection covering cloud outage events with a Cumulus Re (Series 2026-1) issuance, Artemis can report.

A new Gallagher Re white paper argues that blending cyber tail risk with uncorrelated property catastrophe risk in shared-limit reinsurance structures can lower pricing and improve efficiency for cedants, though the firm notes that long-term success will also require participation from the insurance-linked securities (ILS) market.

While 2025 was a quieter year for the cyber insurance-linked securities (ILS) space, S&P Global Ratings emphasised that the market still remains an effective alternative capital solution that offers insurers an effective way to transfer large-scale, systemic cyber risk to the capital markets.

A recent commentary from Neue Bank AG hailed catastrophe bonds as one of the most compelling financial instruments within the field of alternative investments, with the firm particularly emphasising their capacity to offer significant diversification opportunities for investors.

CyberCube, a specialist modelling firm for cyber risks and the third-party modelling agent for many of the cyber catastrophe bonds that have been issued so far, has announced a new CEO, with its Chief Growth Officer Chris Methven taking on the top role, as Pascal Millaire becomes a Senior Adviser to the company.

Reinsurance broker Gallagher Re has released the latest edition of its cyber rate index, indicating that an oversupply of capacity resulted in a cyber aggregate excess of loss (XOL) risk-adjusted rate (RAR) change of -32% at the January 1st, 2026 renewals.

As cyber catastrophe bonds continued to come to market in the fourth-quarter of 2025 one notable fact was that, aided by the weight of capital and investor interest, the cyber cat bonds placed appeared to come without so much, or perhaps any, of the innovation premium paid for the first glut of cyber ILS deals, […]

Chubb has now successfully priced the first annual aggregate cyber catastrophe bond issuance in the market’s history, securing the targeted $150 million of reinsurance from its new East Lane Re VII Ltd. (Series 2026-1) transaction at the low-end of guidance, Artemis has been told.

International insurance and reinsurance giant Chubb has now opted to pursue annual aggregate cyber reinsurance from its new East Lane Re VII Ltd. (Series 2026-1) catastrophe bond, which will make this the first aggregate cyber cat bond in the market’s history, Artemis can report.