Beazley reports progress on cyber re-underwriting strategy
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Beazley reports progress on cyber re-underwriting strategy

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Beazley today gave an update on the progress of its cyber re-underwriting strategy, as it seeks to tackle swelling loss ratios as a result of spiking ransomware claims.

During the first half of this year, the combined ratio on Beazley’s circa $1bn cyber and executive risk segment, of which around half is cyber premium, deteriorated by 9 percentage points to 98%.

The

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