Stephen Catlin: We need a CyberRe
Catlin says exposure is too big for insurers to be able to respond.
Insurers today are not relevant in providing cyber cover to their clients, according to Stephen Catlin, executive deputy chairman at XL Catlin.
Speaking at a cyber symposium held by CFC Underwriting, Catlin highlighted the need for a CyberRe.
"The real challenge as I see it is that cyber is the most systemic risk that I've ever encountered in my insurance career," Catlin said.
He continued: "The challenge with cyber is, whilst it's never happened, you can foresee a situation, and it could be a
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