Cumulus Re cyber bond thought safe after Microsoft Azure cloud outage
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Cumulus Re cyber bond thought safe after Microsoft Azure cloud outage

Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period.

By Jai Singh
July 23, 2024
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Two traders brokers stock exchange investors analyzing crypto trading charts.

Hannover Re’s cloud outage cat bond Cumulus Re is thought to be safe from a payout after Friday’s outage at Microsoft Azure, one of three named cloud providers whose outages the bond is structured to cover.

The

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NewsCyberHannover Re
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