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The Week in 90 Seconds: Cyber hardening; Lloyd’s modernisation; Ardonagh re-fi; business travel poll

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If you only read a handful of stories this week, make it the selection below.

Cyber – a hard market set to run and run 

Our analysis of the cyber market this week revealed the segment is firmly in hard territory, with capacity contracting and demand increasing. Sources predict rates could take three years to stabilise. Our article explores the factors at play in the cyber market, including rocketing losses and carriers’ vanishingly small appetite for new business. Click here for the full detail.

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Lloyd’s modernisation: Frustrations abound despite assurances 

We took a deep dive into modernisation progress at Lloyd’s this week, looking at the Corporation’s plans to hire 50 data and technology specialists as it develops its Blueprint II programme. But while Lloyd’s insists it is on track with the project, sources vented their frustration around a perceived lack of information from the Corporation. For the full detail, click here.

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Ardonagh: Refinancing in the works 

Following the announcement of Ardonagh’s stellar Q2 results this week, we explored its business model as it evolves from broker consolidator to a vehicle that can take majority stakes in start-ups. Our piece also investigates rumours that the group has appointed Fenchurch to advise it on a possible full refinancing. Get the lowdown here.

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Business travel: The new normal 

In our poll of industry professionals this week, we explored attitudes towards the return of business travel. Our poll revealed that, while individuals are preparing for an increase in international travel as the world emerges from the Covid crisis, they do not expect the levels of jet-setting seen before the pandemic. For the complete detail, click here.

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And finally...

A selection of other popular stories from this week.

Beazley 623 eyes 26% 2022 pre-emption for cross-class growth

Alesco’s Hardcastle set to join Miller in delegated authority role

Willis sues Alliant over ‘orchestrated mass resignation’ in public entity team

BI policy payouts for UK Covid claims move close to £1bn mark

Willis Towers Watson appoints Hess as Haley successor

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