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Reinsurance market icon Brian O’Hara said part of the reason is the explosion in the life market on the island

Company says gross written premiums grew 35 per cent year-on-year to $913 million

Coverage highlights include first-party cyber coverage, broad mitigation and cost of correction coverage and broad third-party crime coverage

Frank Schmid is the chief technology officer at Gen Re

News comes as cyber-risk modelling firm announces significant investments from leading energy and insurance companies

New recruit joins from Zurich North America and will assume role as of February 12

Bermudian-based company said new venture will enable its primary cyber insureds to proactively tackle cybersecurity threats

Parties seek to transform programmes for small and medium-sized enterprises, associations and risk pools

Neil Lupsic and Corey Brunton formed Gnosis to fill a gap in the tech market in Bermuda

The Government declines to disclose the nature of the attack and whether ransom was paid

The new venture is powered by Artificial Labs, the London-headquartered algorithmic underwriting insurtech

Long Walk Reinsurance Ltd issued $75 million of Series 2024-1 Class A notes, maturing January 2026