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Speakers say clarity on coverage will limit cyber aggregation risk.
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Previous cyber rising stars Adam Taylor of Brit and Camilla Walker of Canopius move up the 2020 league table.
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The portal will be aimed at international brokers placing non-US risks and will hold a wide range of information.
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Covid’s “slow, prolonged and symmetric” nature contrasts with a cyber attack or supplier outage, operations expert Nick Strange notes.
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The pandemic has shown that acting ahead of a major event and ensuring wordings clarity are key. -
The move marks the latest sign of capacity retreat from the sector.
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The president and CEO urges wordings precision to avoid cyber-related litigation.
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While brokers surveyed estimated rate rises of 5% to 10% over the last 12 months, underwriters’ estimates ranged from flat to up 30%.
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The MGA’s underwriting firepower rises by 15%.
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The underwriting association aims to tackle outstanding reinsurance lines ahead of the Lloyd’s schedule and in time for the key renewals season.
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Lauren Folkard was Barbican’s cyber class underwriter for just over two years and will be based in London.
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The payment of ransomware demands is typically covered under a cyber insurance policy.
