UK-based insurer Beazley launches the first cyber catastrophe bond, typically used for hurricanes and extreme weather, as the industry combats ransomware claim (Ian Smith/Financial Times)

UK-based insurer Beazley launches the first cyber catastrophe bond, typically used for hurricanes and extreme weather, as the industry combats ransomware claim (Ian Smith/Financial Times)

Ian Smith / Financial Times:
UK-based insurer Beazley launches the first cyber catastrophe bond, typically used for hurricanes and extreme weather, as the industry combats ransomware claim  —  Template eyed as source of capital for area of insurance in high demand  —  Lloyd’s of London insurer Beazley has launched …