The deal, subject to regulatory and other customary approvals, is structured to run at for least 10 years and aims to expand cyber risk capabilities and market growth for both the carrier and MGA.
Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.
Rising AI adoption and deepening cloud dependencies are amplifying cyber risks as interest in cyber insurance continues to build, according to Munich Re.
