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ARTICLE · 29 AUGUST 2023

Cyber Risk And A Hard Market Make An 'Exciting' Reinsurance Sector

The risks presented by the current hard market, cyber risks, and potential opportunities for innovation were discussed at Guernsey Finance's Reinsurance masterclass...

GuernseyInsurance

The risks presented by the current hard market, cyber risks, and potential opportunities for innovation were discussed at Guernsey Finance's Reinsurance masterclass, titled Opportunities for capital in a disrupted reinsurance market.

Stagflation and increasing rates in recent years have forced the insurance industry to find new and innovative ways to increase capital.

Victoria Carter, Chairman of International Global Capital Solutions at Guy Carpenter and Deputy Chair of Lloyd's, said this is 'the most exciting' market she has seen.

In the first of two panel discussions, Unpacking Cyber Risk, Ryan Dodd CEO and Founder at Intangic, Robert Dorey, Group Chief Executive Officer at Astaara, Brian Kirwan, Global Head of Non-Life at Vesttoo, and Ian Newman, Global Head of Cyber at Gallagher Re, explored cyber as a space for innovation.

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