cyber insurance

While broader insurance and reinsurance market dynamics mean we haven’t seen any 144A cyber catastrophe bonds in 2026 so far, there is no shortage of investor appetite for cyber insurance-linked securities (ILS), and industry-loss warranty (ILW) transactions are still being seen, according to Brittany Baker, VP of Solution Consulting, CyberCube.

Global insurer AIG has expanded its cyber offering with the launch of a new parametric cloud outage solution developed in partnership with Parametrix, a provider of digital infrastructure insurance solutions.

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.

Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has secured a $15 million quota-share reinsurance arrangement for New York-based managing general agent DLT Alert, underpinning the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers.

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.

While 2025 was a quieter year for the cyber insurance-linked securities (ILS) space, S&P Global Ratings emphasised that the market still remains an effective alternative capital solution that offers insurers an effective way to transfer large-scale, systemic cyber risk to the capital markets.

CyberCube, a specialist modelling firm for cyber risks and the third-party modelling agent for many of the cyber catastrophe bonds that have been issued so far, has announced a new CEO, with its Chief Growth Officer Chris Methven taking on the top role, as Pascal Millaire becomes a Senior Adviser to the company.

After Beazley rejected Zurich’s acquisition proposals last month and in 2025, the pair have now reached an agreement in principle on the key financial terms of a possible recommended cash offer, with Zurich lifting the offer to a total value of up to 1,335 pence per Beazley share.

Beazley has announced this morning that its board has rejected the acquisition proposal from Zurich Insurance Group, saying that the offer “materially undervalues Beazley and its longer-term prospects as an independent company.”