Cyber ILS – Cyber Insurance-Linked Securities news

Today’s insurance-linked securities (ILS) market is significantly broader and more resilient than it was just several years ago. However, while the market is seeing growing interest in casualty, specialty, cyber, and hybrid structures, this evolution also means the ILS space is fundamentally more complex, according to Kathleen Faries, CEO of Artex Capital Solutions.

Beazley, a large specialist insurer, has appointed Stefan Wunderlich as Head of Alternative Risk Transfer (ART), where he will take on this new responsibility alongside his existing role as Head of Parametric and will relocate to Bermuda, subject to immigration approval.

Our latest video features another panel discussion from Artemis ILS NYC 2026, a session focused on the expanding range of investment opportunities in the ILS asset class, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

While loss multiples across recent cyber catastrophe bonds have trended lower, rating agency AM Best suggests that while the novelty premium ascribed to earlier issuances is reducing, it stresses that such a premium has not gone away entirely.

The insurance and reinsurance industry is currently treating artificial intelligence (AI) as a potential “force-multiplier” for cyber losses, but the pace of development of AI and its roll-out is reshaping cyber risk in general and introduces portfolio aggregation and loss correlation risks, specialist modeller CyberCube has explained.

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.

In announcing its results this morning, Adrian Cox, the CEO of Beazley, the London headquartered specialty insurance and reinsurance company, has stated that, when it comes to cyber insurance-linked securities the firm’s next step is to transition into securitisation and transformation of risks, with its dedicated cyber ILS fund planned for later this year.

The boards of Zurich and Beazley have now agreed terms of the approximately £8.1 billion all-cash offer by Zurich for Beazley’s shares, while we understand that as the transaction proceeds it is business as usual for Beazley’s Bermuda cyber insurance-linked securities (ILS) plans.