We’re told that the price guidance has been raised for the first industry-loss triggered cyber catastrophe bond deal, which is being sponsored by reinsurance firm Swiss Re, while the size of the Matterhorn Re Ltd. (Series 2023-1) transaction remains at $50 million so far.
Swiss Re entered the market with the first industry-loss triggered cyber catastrophe bond earlier this month, with a target to secure $50 million of retrocessional reinsurance against systemic cyber loss events affecting the United States.
