-
The broker said less than 1% of companies globally with cyber insurance were impacted. -
The firm said losses could fall under $300mn if more favourable assumptions were applied.
-
The profile of the loss could provide comfort to investors around exposure diversification.
-
The event would represent a loss ratio impact of roughly 3%-10% on global cyber premiums of $15bn today.
-
The market is expected to seek additional exclusions around systemic events.
-
The weighted average direct financial loss for a Fortune 500 firm was $44mn.
-
Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period.
-
The analyst estimated Beazley’s loss from the global outage at $80mn-$120mn.
-
The current guidance is that Beazley will publish an undiscounted CoR in the low-80s at full year.
-
The event could unpack issues around accumulation risk and cloud services.
-
ILS capital so far is viewed by sponsors as strategic rather than essential.
-
The second part of the PoleStar Re issuance takes the bond's total volume to $300mn.
