Beazley’s recent industry loss warranty (ILW) cyber purchase “wasn’t really done for capital purposes”, but rather driven by a driven by a desire to grow the cyber catastrophe market, CEO Adrian Cox has said.
Speaking
ILWs, cat bonds ‘part of toolkit’ to manage cyber exposures: Beazley’s Cox
CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.