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Beazley secures $45m cyber cat bond with Fermat Capital a backer

9th January 2023

London headquartered specialty insurance and reinsurance firm Beazley has successfully secured $45 million of cyber risk reinsurance from capital market investors including insurance-linked securities (ILS) specialist Fermat Capital Management, in what is being termed the first cyber catastrophe bond, the Financial Times has reported this morning.

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