Insurer boss Stephen Catlin and former Home Secretary Lord David Blunkett have both expressed support for the idea of a government-backed reinsurance scheme for cyber crime. Catlin, executive deputy chairman at XL Catlin, pictured, told CFC Underwriting's London Market Cyber Symposium last night (3 December) such a scheme was needed. He said: "I'm absolutely of the view that there needs to be a government backstop." Lord Blunkett added a cyber reinsurance programme would pose different challenges to the government's terrorism...