Lloyd's of London Chief Executive Officer Inga Beale expects themarket for cyber insurance to surge after hackers attacked some ofthe largest companies in the U.S., including JPMorgan Chase &Co. and Home Depot Inc.

Beale, who took over as CEO of the world's oldest insurancemarket in January, said many businesses are not yet alert to therisks of an attack on their computer systems or the need to buycoverage. She said cyber insurance can cover loss of future revenueand reputational damage, as well as provide assistance to getsystems back up and running.

“Cyber is a new risk and it is a concern,” Beale, 51, said in aninterview with Bloomberg Television's Guy Johnson in London.“Lloyd's is at the heart of cyber attacks, providing coverage rightnow. It's going to grow dramatically with all the high-profilehacking incidents.”