Cyber reinsurance
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Sources believe the market will grow gradually over years after its initial cluster of dealmaking. -
Graeme Bell (pictured) will continue in his role as group legal officer.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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Novelty premiums will likely fade once investors are more comfortable with the risk.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
