Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re

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Insurance Journal - Jan 17, 2024

Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by a number of specialist reinsurers. Swiss Re secured $50 million of catastrophic US cyber insurance event protection, including cover against …...

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