cyber ILS

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No fast way into cyber for ILS, say experts

For capital markets investors it’s likely that cyber meets some of their investment needs, but a substantial lack of modelling capabilities means there’s no immediate, quick way for insurance-linked securities (ILS) to get into the space, according to cyber risk and (re)insurance experts Hans-Joachim Guenther and Peter Hacker.In an interview read the full article →

Hudson Structured leads $35m investment in CyberCube Analytics

Insurance and reinsurance linked investments specialist Hudson Structured has led a $35 million investment round in cyber risk analytics specialist CyberCube, with its founder Michael Millette taking a seat on its board.Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and read the full article →

Cyber a growth compartment for the ILS industry: Millette, Hudson Structured

Cyber risk is set to be "growth compartment" for the insurance-linked securities (ILS) market, according to Michael Millette, who's firm Hudson Structured has already underwritten a number of cyber deals on a collateralised reinsurance basis.Speaking during a panel discussion on alternative reinsurance capital at yesterday's PwC Insurance Summit in Bermuda, read the full article →

Hiscox has cyber ILS fund ambitions

Hiscox is targeting the launch of a new ILS fund focused on cyber risks, as it looks to put its expertise in underwriting cyber insurance and reinsurance together with its Hiscox Re Insurance Linked Strategies ILS management expertise to create what would be a new and unique insurance-linked investment opportunity.Hiscox read the full article →

Is the ILS market ready to tackle cyber?

A lack of historical and contextual data continues to hinder the entry of the insurance-linked securities (ILS) market into the cyber re/insurance space, and with ‘silent’ cyber exposures adding further uncertainty, it might be easiest for the ILS sector to focus on affirmative cyber, at least to begin with.This is read the full article →

Re/insurers to partner with governments & capital markets on cyber risk: S&P

Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor's feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity.In a new report on the reinsurance market's approach to cyber read the full article →

Capital One cyber attack designated as PCS Global Cyber loss event

The recent Capital One cyber hack attack and resulting significant data breach could 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 explained over a week ago that U.S. and global banking and personal finance read the full article →

Allianz tests cyber risk securitisation, but “not priority number one”

Global insurance and reinsurance group Allianz has been testing out the securitisation of cyber risks and there transfer to capital markets investors, but the firms CFO explained recently not to expect an explosion of such activity, as it is "not priority number one."Through its industrial insurance and risk transfer group read the full article →

Alternative capital not hindering Munich Re’s cyber growth (yet)

Reinsurance giant Munich Re aims to keep a 10% share of the growing global cyber marketplace and so far says that alternative sources of capital are not impinging on the cyber sector, with little competition seen from ILS market sources.Much has been made of the potential for the insurance-linked securities read the full article →

Survey on cyber risk transfer via insurance-linked securities (ILS)

We're delighted to have partnered with the Institute of Insurance Economics at the University of St. Gallen, Switzerland to promote and publish a survey on the transfer of cyber risks using insurance-linked securities (ILS).The survey, which you can submit your responses to here, seeks to help identify the optimal product read the full article →