Cyber Reinsurance in MENA: A 2026 Capacity Outlook

After two hard renewal cycles, regional cedants are seeing meaningful additional cyber reinsurance capacity from London, Bermuda and Singapore markets. بروكنت expects flat-to-down rate movement on clean treaties at 1/1/2026, driven by improving loss ratios, broader ransomware controls at insureds, and the entry of two new specialty reinsurers into the MENA arena. We continue to recommend a hybrid program — quota share for working layers paired with an event-XL for systemic risk — supported by parametric triggers on cloud-provider downtime where appropriate.