Cumulus Re cyber bond thought safe after Microsoft Azure cloud outage
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in

Cumulus Re cyber bond thought safe after Microsoft Azure cloud outage

Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period.

By Jai Singh
July 23, 2024
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
Two traders brokers stock exchange investors analyzing crypto trading charts.

Hannover Re’s cloud outage cat bond Cumulus Re is thought to be safe from a payout after Friday’s outage at Microsoft Azure, one of three named cloud providers whose outages the bond is structured to cover.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Cyber Hannover Re Catastrophe bonds Stocks
Gift this article