Lloyd’s to apply capital loads for additional cyber war exclusion carve-backs
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Lloyd’s to apply capital loads for additional cyber war exclusion carve-backs

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Lloyd’s today said it would require syndicates to put up more capital for cyber war coverage that falls outside the wordings deemed in-line with Lloyd’s original cyber war exclusion market bulletin published last summer.

In his June market message, chief of markets Patrick Tiernan said: “If you broaden the coverage to include risks that are outside the letter of the bulletin in the core product, this de facto will increase the exposure you...

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