News
AI treated as force-multiplier for cyber losses. Introduces aggregation, correlation risks: Cyber Cube - Artemis. bm
3+ hour, 55+ min ago (673+ words) With the help of AI, threat actors are able to exploit security gaps increasingly quickly, and at the current pace of change security engineering is struggling to keep pace. William Altman, Director of Cyber Threat Intelligence Services at Cyber Cube…...
Collateralized ILS, parametrics playing role in digital infrastructure risks: Goodman, Guy Carpenter - Artemis. bm
1+ mon, 4+ day ago (996+ words) First, Goodman explained the size of the data centre and digital infrastructure risk transfer opportunity, which has become one of the biggest talking points across insurance and reinsurance markets over the last year and increasingly is seen as a capital…...
Collateralized ILS, parametrics playing role in digital infrastructure risks: Goodman, Guy Carpenter
1+ mon, 4+ day ago (996+ words) First, Goodman explained the size of the data centre and digital infrastructure risk transfer opportunity, which has become one of the biggest talking points across insurance and reinsurance markets over the last year and increasingly is seen as a capital…...
Property-cyber blended solution for costly tail risk needs ILS participation: Gallagher Re
1+ mon, 1+ week ago (623+ words) As the cyber insurance market continues to grow rapidly, insurers are increasingly seeking effective ways to protect against extreme cyber tail events. "We have long identified cyber risk as a potential driver of volatility for (re)insurers, and hence of…...
Cyber ILS still an effective alternative capital solution for large-scale, systemic risk: S&P - Artemis. bm
1+ mon, 3+ week ago (495+ words) Three public cyber catastrophe bonds have been issued this year, consisting of renewals by Hannover Re, Beazley, and Chubb, with no new sponsor coming to the market. Earlier sponsors, such as Axis Capital and Swiss Re, look unlikely to renew…...
Cyber cat bond modeller Cyber Cube names Methven CEO. Millaire now Senior Advisor - Artemis. bm
2+ mon, 5+ day ago (392+ words) Methven joined Cyber Cube in April 2020 as its Chief Growth Officer, having previously worked as Chief Revenue Officer for supply chain risk analytics business Achilles. Cyber Cube noted Methven's deep knowledge of the business and its culture, as well as…...
Chubb opts to pursue first ever annual aggregate cyber catastrophe bond - Artemis. bm
3+ mon, 3+ week ago (372+ words) Initially, the company was targeting $150 million of cyber reinsurance protection, but two tranches of notes were initially offered to investors as Chubb sought feedback on either occurrence or annual aggregate protection. Seemingly the feedback on what could become the first…...
Amazon AWS outage not a catastrophe for parametric cyber (or Cumulus cat bond): Parametrix - Artemis. bm
5+ mon, 3+ week ago (845+ words) Impacts ranged from being unable to do business, as services that relied on Amazon AWS in some cases went down completely, to the less serious as internet users found thousands of popular websites lost features for a time (even our…...
Education and engagement key as cyber heads toward peak peril status: Convergence 2025 - Artemis. bm
5+ mon, 4+ week ago (443+ words) Moderator of the session, Jo Syroka, Director of New Markets at Fermat Capital Management, asked the panellists whether they believe cyber will eventually become a peak peril. All three agreed that it will. However, while cyber has not yet reached…...
More investors working cyber into their mandates to be ready: Baker, Cyber Cube - Artemis. bm
7+ mon, 2+ day ago (818+ words) Speaking about the lull in cyber cat bond issuance over the course of 2025 so far, Baker explained, "Everyone wants to see a new market grow in a straight line, up and to the right, and that's just not how it…...