Beazley is reportedly preparing a $100 million cyber cat bond, while Axis Capital allegedly planning a $75 million cyber bond. Credit: Skórzewiak/Adobe Stock Beazley is reportedly preparing a $100 million cyber cat bond, while Axis Capital allegedly planning a $75 million cyber bond. Credit: Skórzewiak/Adobe Stock

(Bloomberg) — Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.

So-called “cat bonds,” which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically been built around natural disasters such as hurricanes. But as the potential fallout of business-halting cyberattacks becomes too big to insure, issuers are seizing the moment.

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