Daily Digest: Cyber widens reinsurance focus, Lloyd’s must lock in contract clarity, International Group pool claims benign

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Maturing cyber seeks new reinsurance lines As cyber insurers become increasingly sophisticated in how they manage their portfolios and model potential loss events, there is growing demand for equally sophisticated reinsurance tools, Aon Reinsurance Solutions’ Rory Egan says. Quota-share reinsurance is still by far the most common way to buy cyber reinsurance, but increasingly non-proportional and event-based cover has been chipping away at its dominance. This has been most apparent in the nascent but growing cyber insurance linked-securities market, where several catastrophe bonds and loss warranty products of increasing size have launched over the past few years.