Swiss Re purchases cyber market’s first retrocession ILW, brokered by Gallagher Re
Reinsurance News - Jan 16, 2024
Global reinsurance firm Swiss Re has purchased the market’s first cyber retrocession industry loss warranty (ILW), securing $50 million of catastrophic US cyber insurance event protection. Cover also includes protection against widespread malicious ransomware or malware, prolonged catastrophic cloud...
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