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The products include the insurer’s Breach Response cyber cover for SMEs.
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The cyber and technology specialist will bolster the US buyer's existing London-based operations. -
The appointment follows a $37mn fundraising.
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The merged entity recruits Paul Western as underwriting chief.
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The round was led by StageOne Ventures and Mundi Ventures.
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The reinsurer predicts annual cyber market premium expansion of between 25 percent to 30 percent.
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The carrier will either affirmatively cover or explicitly exclude cyber across virtually all commercial P&C policies by January.
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The report names data theft from an email provider – at a potential cost of some $19bn – as the most likely loss scenario.
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Umair Ghani and Thomas Lashkari join as cyber pricing actuary and analyst, while two brokers have also been added.
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Brian Warszona and Adam Wickens will take on the roles of cyber growth leader and digital asset leader, respectively.
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The brokers said that enhanced analytics would make reinsurance premiums more appropriate.
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Level of perceived risk drops across all classes of business in the absence of attacks to rival the scope of 2018’s NotPetya and WannaCry.
