Cyber risk a growth opportunity for ILS market: Official

Michael Millette, founder of U.S.-based Hudson Structured Capital Management Ltd., said that cyber risk is set to be a growth opportunity for the insurance-linked securities market, Artemis reports. "Cyber fits the market better than most people think because the large majority of affirmative cyber that is being written is in a claims-made form, meaning that the tail is limited," Mr. Millette said.

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