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The carrier reported a H1 combined ratio of 74%, as it targets $1.3bn in cyber premium for the year.
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The coverage is provided in partnership with Beazley.
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The MGA has added cyber underwriting and claims professionals as well as a security expert.
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A study by CyberCube has also found that Microsoft detected Russian network intrusion attempts against 128 targets in 42 countries outside of Ukraine.
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In a post-results media call, Beazley CEO Adrian Cox also noted that an expected increase in cyber claims had not yet “manifested”.
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The appointment of Pushpa Sriwignarajah comes amid change within the Hiscox cyber team.
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The market is taking its first proactive steps to resolve issues posed by the massive systemic exposures it is running.
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Craig Dunn’s exit follows a flurry of movement in the cyber market.
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The carrier is planning to put boundaries around coverage granted in major cyber catastrophe events, in a bid to define exposures for itself and the wider market.
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Insureds are also buying less limit to manage spend, which is impacting the flow of business to the London excess market.
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The incoming cyber head will step into the role left by Laura Hunt, who joined AIG last month.
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Continuing price rises in cyber are fuelling concerns there will be a rise among insureds deciding not to renew and a drop in new buyers.