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Nephila a reinsurer to Boost-backed cyber risk insurtech Cowbell

Nephila Capital, the largest manager of mainly catastrophe and weather insurance linked securities and reinsurance linked assets, has lined up as one of the reinsurers supporting a technology-led cyber insurance company named Cowbell Cyber, signalling a step in the direction of specialty lines underwriting.Cowbell Cyber is an insurtech that leverages read the full article →

Asset manager was buyer of recent parametric cyber risk transfer deal

More information has been revealed on a recent innovative parametric cyber risk transfer transaction, which it turns out was for an asset manager to hedge potential cyber attack related disruption to U.S. power generation assets.This parametric cyber risk transfer transaction first came to light in early January, when it was read the full article →

Hiscox backs PCS trigger parametric cyber risk transfer on AkinovA

Specialist insurance, reinsurance and ILS capital manager Hiscox has provided the capital to back a novel parametric cyber risk transfer arrangement that is based on a trigger from PCS and was transacted on the technology platform created by AkinovA.It's the first transaction from the AkinovA electronic trading platform or marketplace read the full article →

ILS investors need certainty on cyber, risk models are key: CyberCube

Insurance-linked securities (ILS) investors are looking for greater certainty on cyber risk before diving into underwriting cyber reinsurance contracts in ILS form. While this market is still developing, CyberCube is working directly with the industry to try to drive greater understanding and comfort of the risks involved.Cyber risk is often read the full article →

Discipline has returned to the ILS market: Roundtable

Investors in the insurance-linked securities (ILS) space are demanding discipline from managers in the wake of recent loss events and subsequent loss creep, while an elevated need for comfort is leading to a surge in demand for proportional deals, according to industry experts.The difference in the ILS market in the 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 →

ILS market must educate on reserving process, rebuild confidence: Roundtable

As the market moves towards the January 1st renewals season and into 2020, the insurance-linked securities (ILS) space needs to learn and educate on the reserving process and go through a phase of rebuilding, according to industry experts.This was the message from ILS and reinsurance industry executives at the 2019 read the full article →

Artemis Monte Carlo Rendezvous Executive Roundtable 2019

Welcome to the fourth Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which participants from across the insurance, reinsurance, and insurance-linked securities (ILS) market discussed a range of industry topics and trends.Since 1957 reinsurance companies, insurer clients, investors and service providers have met in Monte Carlo, Monaco at the reinsurance Rendezvous 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 →