'Not long to wait’ for 144A cyber cat bond: Envelop Risk’s Ross
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'Not long to wait’ for 144A cyber cat bond: Envelop Risk’s Ross

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The ILS market “won’t have to wait long for the first 144A issuance” covering cyber risk, according to David Ross, executive vice president of ILS & Capital at Envelop Risk.

On a panel about non-cat risks at ILS Bermuda’s Convergence 2023 last week, Ross said the market has passed the stage of questioning whether cyber perils can be reinsured, and that within five to 10 years the class would...

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