The majority of economic losses from cyber breaches are not covered by currently available insurance products—this creates a challenge for insurers to create new products, says Jim Riley, vice president, specialty underwriter at RenaissanceRe.
Bermuda entities are not immune to cyber attacks and could even be an easier target than organisations in other jurisdictions. Each organisation should develop a cyber-defensible position that will ensure it is pursuing a secure, vigilant and resilient cyber risk strategy, say Brett Henshilwood and Kevvie Fowler of Deloitte.
With cyber threats in the news almost every day, re/insurers on Bermuda need to keep as up to date as possible. As George Thomas from PwC explains to Bermuda:Re+ILS, there is some encouraging news out there.
PartnerRe is enjoying strong growth in the cyber space—and while it has a broad appetite for cyber risk it considers each transaction on its merits, says Catherine Rudow, senior vice president–professional lines at PartnerRe.
After something of a pause, the start of 2018 has brought several big M&A deals with the potential to transform the Bermuda market. In this special report, we assess the driving forces underpinning existing and future deals and ask a number of the Island’s best known dealmakers for their views on what more we can expect.
Economies of scale might be a driving force behind many M&A deals but that dynamic could change, say James Ferris, Leslie Fenton and Ritendra Roy from PwC.
As M&A activity on Bermuda continues to heat up, Joseph Milicia, P&C M&A Practice Leader for the Americas, Willis Towers Watson, suggests the keys to a smooth transaction are the right internal team, a sound strategy, the right team of external M&A professionals—and the motivation to do a deal.
As the Bermuda M&A bubble shows little sign of bursting, Alan Bossin, partner at law firm Appleby, offers predictions on what else we should expect this year and suggests that good due diligence at the outset of the transaction can help avoid bumps in the road.
M&A activity has got off to a bullish start in 2018 but more deals, potentially even bigger, could be in the pipeline, say John Johnston, Boris Lukan, Heldar Carreiro and Gokul Sudarsana of Deloitte.
Cybersecurity is a generational exposure, according to Rick Welsh, CEO of Sciemus, but Bermuda has a chance to lead in dealing with it—and ILS could have a part to play.