International General Insurance Announces Launch of Cipher Cyber Reinsurance Platform
MT Newswires Live
Sep 01
International General Insurance (IGIC) said Tuesday it announced the launch of Cipher Underwriting, a Bermuda-based specialty treaty reinsurance managing general agent focused on cyber.
The Cipher Underwriting platform will be owned 60% by International General Insurance through its IGI Managing Agencies subsidiary, the company said.
Cipher will target a global portfolio of cyber treaty business, with the commencement of its operations subject to regulatory approvals, including registration and licensing by the Bermuda Monetary Authority, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.