Insurer Beazley launches first catastrophe bond for cyber threats

Insurer Beazley launches first catastrophe bond for cyber threats

Lloyd’s of London insurer Beazley has launched the first cyber catastrophe bond, opening up one of the fastest-growing areas of the underwriting industry to investors as companies and governments seek to shield themselves from ransomware strikes.카지노사이트 The $45mn private bond will pay out to Beazley if total claims from a cyber attack on its clients…

Swiss Re: 2022 catastrophe losses total $268B

Swiss Re: 2022 catastrophe losses total $268B

International economic losses from natural and manmade catastrophes combined were $268 billion in 2022, according to the Swiss Re Institute’s annual estimates, and that figure is significantly higher than the 10-year average of $81 billion.카지노사이트 Insured losses were $122 billion, the reinsurer said. This was the second year in a row that estimated insured losses…

For Struggling Haiti, Return of Cholera is a ‘Catastrophe’

For Struggling Haiti, Return of Cholera is a ‘Catastrophe’

PORT-AU-PRINCE, HAITI — When humanitarian officials in Haiti try to describe their concerns over a new, fast-spreading cholera epidemic, they struggle to find words strong enough: “alarming,” “chaotic,” even “a catastrophe.” 카지노사이트 A sizable part of the island’s population has been isolated — and unable to access health care — either by serious fuel shortages…