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CEO Jean-Jacques Henchoz said it was “difficult to find a positive trend” in the global risk outlook. -
The carrier is one of a number of small firms with heavy concentration in Hawaii.
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Sources have said the layer will provide the carrier with protection for the Northeast US only and attaches at a remote level.
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So far, no other reinsurer has come out publicly to align itself with Munich Re’s stance on cyber war, leading to a patchwork of approaches at cedant and reinsurer level.
