Swiss Re buys $50mn cyber retro ILW in cyber market first
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Swiss Re buys $50mn cyber retro ILW in cyber market first

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Swiss Re has placed a $50mn cyber retro ILW, securing cover for catastrophic US cyber insurance events from several specialist reinsurers.

The protection includes cover for widespread malicious ransomware or malware, prolonged catastrophic cloud outage and systemic data breach.

A cyber market first, the ILW was brokered by Gallagher Re.


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