
IOWA CYBER SPV
The First US Cyber-Focused Protected Cell Captive
Astragar's Iowa-domiciled SPV creates industry-specific Protected Cell Captives backed by A++ reinsurer capacity.

IOWA CYBER SPV
The First US Cyber-Focused Protected Cell Captive
Astragar's Iowa-domiciled SPV creates industry-specific Protected Cell Captives backed by A++ reinsurer capacity.

IOWA CYBER SPV
The First US Cyber-Focused Protected Cell Captive
Astragar's Iowa-domiciled SPV creates industry-specific Protected Cell Captives backed by A++ reinsurer capacity.
What is a Protected Cell Captive?
What is a Protected Cell Captive?
Share risk.
Retain profit.
Gain control.
Share risk.
Retain profit.
Gain control.
A Protected Cell Captive lets a group of organisations in the same industry create their own cyber risk pool — legally ring-fenced from other cells.
You share risk with peers, retain underwriting profit, and use your own claims data to improve pricing over time.
A Protected Cell Captive lets a group of organisations in the same industry create their own cyber risk pool — legally ring-fenced from other cells.
You share risk with peers, retain underwriting profit, and use your own claims data to improve pricing over time.

Benefits
Benefits
Why a Protected Cell Captive
Legal ring-fencing protects each cell
Industry peers share risk, not strangers
Retain underwriting profit in good years
VRM data improves pricing annually
A++ reinsurer backstop for catastrophic events
Iowa Insurance Division oversight






