Re-educating the reinsurance community to raise needed capital
Getting the financial markets to invest in alternative cyber strategies has meant an all-out effort on the part of Gallagher Re to re-educate investors and insurers on what a good risk is and how cyber policies should be written.
The endeavours to increase capacity are paying off; we recently were recognised for the first ILS transaction and catastrophe bond in the cyber market. From the traditional reinsurance product to alternative strategies, our Cyber team understands the entire capital chain and is well placed to help any client with their needs.
We’re also using that expertise to expand capacity markets even further to meet cyber’s growing needs. We are confident that we can access the necessary capital and create the right product — like the cyber Cat bond — to gain access to a much wider investment group.
Dedicated, global team unrivalled in cyber sector
We believe that the ever-changing nature of cyber demands a dedicated team — globally, we have 50 specialists who work solely in the cyber sector.
As a client, you’ll see two different parts of our team. One handles the more traditional, client-centred, purely transactional broking aspect of cyber (re)insurance. The second piece revolves around providing additional consulting services for client risk management strategies.
Because of cyber’s growing and always changing nature, we have dedicated Cyber team members who support consulting services through analytics, modelling and cyber security.