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Cyber modeller Kovrr adds John Butler of Cohen & Co. to advisory board

Cyber risk modelling company Kovrr has added new insurance, reinsurance and insurance-linked securities (ILS) expertise to its advisory board with the addition of John Butler, Head of Cohen & Company’s U.S. Insurance Asset Management Platform and Global ILS Program.Butler has worked in the reinsurance and insurance-linked securities (ILS) space during read the full article →

Why cyber re/insurance needs ILS – Q&A with Tom Johansmeyer, PCS

There is constant chatter about cyber insurance and reinsurance as a meaningful future component peril of the insurance-linked securities (ILS) asset class, but so far little transactional flow has been seen. We spoke with Tom Johansmeyer, Head of PCS, to get his view on the current status of cyber ILS.Q: read the full article →

Parametric cloud outage cyber risk transfer deal backed by Hiscox

Hiscox, the specialist insurance or reinsurance underwriter and ILS capital manager, has provided the capacity to support another novel parametric cyber risk transfer arrangement, this time covering the risk of cloud outages.Last month we reported that Hiscox was the capacity provider backing a parametric cyber risk transfer transaction that helped read the full article →

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 →

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 →

ILW trading increased on higher pricing at mid-year renewals: Aon

Industry loss warranty (ILW) trading picked up around the middle of the year, as tailwinds drove higher pricing and increased demand also played a factor in driving volumes up, according to Aon.The insurance and reinsurance brokers capital market unit Aon Securities reports that market pricing and clients willingness to pay read the full article →

Informal ILW triggers can cause trapped collateral & basis risk, PCS warns

The use of informal data sources as inputs to industry loss warranty (ILW) triggers can cause issues related to collateral such as its trapping and produce additional basis risk, according to Property Claim Services (PCS).PCS has produced a report that analyses analysis challenges faced by the global industry loss warranty read the full article →