cyber ILW


Credible modelling critical to develop cyber ILS market: Millette / CyberCube

Michael Millette, Managing Partner at insurance-linked securities (ILS), reinsurance and transportation investment manager Hudson Structured Capital Management Ltd., has explained that without credible modelling, a cyber ILS market is unlikely to develop as capital won't want to support the risk unless it has a better understanding of it. As well as read the full article →

Gallagher Re adds Norris from Aon Securities as dedicated cyber ILS broker

Reinsurance broker Gallagher Re has announced the hire of a dedicated cyber insurance-linked securities (ILS) resource, adding Theo Norris from Aon Securities as a resource to help bring new capacity to the cyber market. Norris most recently worked at Aon Securities, the capital markets unit of the insurance and reinsurance broker. At read the full article →

Artemis Live interview: Why isn’t the ILS market writing more cyber risk?

For our latest Artemis Live video interview, we were joined by Tom Johansmeyer, Head of PCS to discuss the subject of cyber risk and ask the question, why isn't it a bigger exposure in the insurance-linked securities (ILS) market? For almost a decade, the subject of cyber insurance-linked securities (ILS), cyber read the full article →

Cyber ILS & retro needed to improve market capacity: S&P

The development of a robust cyber retrocessional reinsurance market and the use of insurance-linked securities (ILS) or alternative capital, would help the cyber insurance market with its capital management and make much-needed capacity available, according to S&P Global Ratings. S&P believes that the cyber insurance market needs more support and capacity, read the full article →

Envelop Risk aims for hybrid balance-sheet approach after raising $130m

Envelop Risk, a company that had a managing general agency (MGA) and data driven approach to providing cyber risk analysis and reinsurance underwriting products has raised a significant $130 million Series B financing led by major investor SoftBank and now targets becoming a risk taker as well. Envelop Risk was launched read the full article →

Cyber will need massive amounts of additional capital: Gallagher Re’s Newman

Underwriting of cyber insurance and reinsurance risks is going to require "massive amounts of additional capital" to support what is expected to be a particularly fast-growing class of business, according to broker Gallagher Re's Ian Newman. Newman, who is the Global Head of Cyber at reinsurance broking unit Gallagher Re, explained read the full article →

Hudson Structured & Aon team up for $70m cyber catastrophe product

Hudson Structured Capital Management Ltd., which enters into insurance and reinsurance investment business as HSCM Bermuda, has teamed up with broking powerhouse Aon for a new cyber catastrophe coverage product, that can cover systemic cyber risks for insurance and reinsurance ceding companies. The pair have already entered into their first deal, read the full article →

PCS launches Cyber RLM, a data tool for large insured cyber risks

PCS, the provider of industry loss estimates and loss data globally, has launched its first non-loss reporting platform, Cyber RLM, which will provide users with unique insights into large insured cyber risks around the globe. Containing data on many of the largest insured cyber exposures and programs, PCS Cyber RLM is read the full article →

ILS / ILW retro needed for non-affirmative cyber: Johansmeyer, PCS

As re/insurers struggle to find ways to manage their non-affirmative cyber exposures, there’s an opportunity for the insurance-linked securities (ILS) community to support an ILW-based retro market to address the issue, says Tom Johansmeyer, Head of PCS. Non-affirmative cyber risk losses occur when a policy pays out on a cyber cause read the full article →

ILW market growth to come from specialty & cyber risks: Johansmeyer

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks. This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities read the full article →