Beazley seeks ~$50mn limit with second cyber cat bond offering
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Beazley seeks ~$50mn limit with second cyber cat bond offering

Liz Bury
10 March 2023
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Beazley is out in the cat bond market targeting a maximum of around $50mn in cyber coverage with its second tranche of Cairney notes, which offer the same view of risk as its January cat bond issuance, sources told this publication.

The latest deal is again a private transaction under (4)2 rules. The risk period covers the nine months from 1 April to 31 December 2023, shorter than the earlier deal, which covered the full year 2022.

Beazley

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