Aon and HSCM Bermuda roll out new alt capacity for catastrophic cyber risk

Aon has partnered with (re)insurer HSCM Bermuda to roll out a new product backed by capital markets that covers insurers for systemic and catastrophic cyber events. The first transaction has already been completed with a retrocession contract for an anonymous cedant. HSCM Bermuda, part of private investment firm Hudson Structured Capital Management, will provide alternative capital capacity for limits of…

Please register or login to view the full post