First-ever cat bond issued for sustained cloud outage losses
Bond provides incremental retrocession protection for Hannover Re
Tony DowdingApril 15, 2024
New York-based MGA and Lloyd’s coverholder Parametrix and Hannover Re have launched and issued Cumulus Re, the first-ever catastrophe bond to cover losses arising from sustained cloud outage risk.
Parametrix, a cloud monit...
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Tony DowdingApril 15, 2024
