Beazley launches historic $45M cyber catastrophe bond – Cybersecurity Dive
The announcement marks the first time an insurance-linked securities instrument has been created to cover catastrophic cyber risk.Beazley, a London-based specialist insurer, said it has launched the first-ever cyber catastrophe bond, marking a milestone in the history of the sector. The $45 million bond gives Beazley indemnity for all risks in excess of a $300 million … Read more