H2 2025 Cyber Reinsurance Update: A Coming Inflection Point?

The six months since July 2025 have seen a high level of cyber incidents. This has been combined with the continued expansion of (re)insurance capacity, creating a tension between incumbent markets seeking continued growth in a historically profitable class of specialty insurance and increasing concerns over the potential severity of insured losses and wider systemic threats. Here, we examine the market trends and opportunities.

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