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.

Beazley, an insurance company of the Lloyd's group, launched the first bond to face catastrophes caused by cyberattacks. This has opened up one of the insurance and investment areas that could show rapid growth due to the need for companies and governments to protect themselves from ransomware attacks.

Read full article

MORE ANALYSIS

Globales · Smartphones & Devices31/07/2026

Smartphone shipments enter increasingly pronounced ups and downs

After strong smartphone sales in the first quarter, the second quarter saw a sharp 6% year-over-year decline, according to Omdia. Samsung benefited from being a memory manufacturer.

Argentina · Software and Applications24/07/2026

Entre Ríos government signs agreement with Salesforce for AI initiatives

A Memorandum of Understanding was signed during an event held at the MiradorTEC Technology Park in the city of Paraná. One of its key areas is the digital and agentic transformation of the provincial government.

Globales · Hardware16/07/2026

Chip industry alert: Helium supply at risk again

The element is critical for the semiconductor industry. Its price has doubled since March due to the war in the Persian Gulf. Global supply is declining.

América Latina · IxP30/06/2026

DE-CIX expands Latin America footprint with new interconnection nodes in Brazil and Mexico

Convergencialatina spoke with the executives responsible for the company’s operations in its two regional markets: Brazil and Mexico. Darwin da Costa and Omar Vega, respectively, discussed the company’s progress in each country and the different strategies adopted to reflect the characteristics of each market.

Globales · Data Center25/06/2026

Hyperscale infrastructure: Record figures, oligopolies and the dangerous AI bubble

A new report from MTN Consulting highlights the sector’s economic “circularity,” whereby hyperscalers invest in AI labs, which in turn spend that capital on the hyperscalers’ computing services. The report warns that this dynamic creates systemic risk.

List all analysis

A DIARIO LATINO 02-08-2026

Globales · Smartphones & Devices 31/07/2026

Smartphone shipments enter increasingly pronounced ups and downs

Globales · Software and Applications · Operators 31/07/2026

Amdocs makes customer experience agents available on Google Gemini

List all news