The insurer is the first to sponsor a cyber catastrophe bond providing annual aggregate reinsurance protection
Chubb secures first aggregate cyber cat bond | | | Chubb secures first annual aggregate cyber cat bond  Chubb has now successfully priced the first annual aggregate cyber catastrophe bond issuance in the market's history, securing the targeted $150 million of reinsurance from its new East Lane Re VII Ltd. (Series 2026-1) transaction at the low-end of guidance. This new cyber cat bond for Chubb breaks new ground in the catastrophe bond market and introduce a level of diversification into cyber ILS that has not existed in 144A cat bond format before. The move to test investor appetite for annual aggregate cyber risk has been a positive one, with Chubb securing the coverage at attractive pricing and potentially now opening up the cat bond market to more issuances in aggregate protection formats. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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