"The launch by Beazley of its recent cyber catastrophe bond is a very interesting development in the context of the recent dislocation in the reinsurance markets generally and also given the specific concerns about the profitability of cyber insurance. Being done as private placement with a panel of investors means that there is less publicly available information about its structure. Coming however on the back of the recent capital raising by Beazley it shows that there are still capital market opportunities for reinsurance-type support for well-regarded underwriters even in classes of business that are proving to be challenging."
For more information, contact Jonathan Drake, Insurance Partner.
