ILWs, cat bonds ‘part of toolkit’ to manage cyber exposures: Beazley’s Cox
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ILWs, cat bonds ‘part of toolkit’ to manage cyber exposures: Beazley’s Cox

CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.

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Beazley’s recent industry loss warranty (ILW) cyber purchase “wasn’t really done for capital purposes”, but rather driven by a driven by a desire to grow the cyber catastrophe market, CEO Adrian Cox has said.

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