In an industry first, insurance firm announces cyber bond to cover claims over $300 million

London-based insurance company Beazley said it is launching the first cyber catastrophe bond, as concerns grow in the industry about the increasing financial fallout from cyberattacks.  Under the arrangement, the $45 million bond will pay out to Beazley if a cyberattack costs its clients more than $300 million. Absent such an event, Beazley will make […]

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