Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Friday, January 13, 2023

For the first time, bonds issued to finance insurance payments against cyberattacks

The Beazley company, of the Lloyd's group, issued securities for US$350 million to cover eventual customer claims in the face of cyberattacks. If those bids exceed US$300 million, the investors who bought the bond lose and must pay Beazley US$45 million. The scheme spreads risks and aims to interest investors in a context of a dramatic increase in cyberattacks.


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