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Another pandemic outbreak came in fourth place, with 22% of respondents saying they were worried about further health and workforce issues and movement restrictions in 2022.
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The business will use the investment to accelerate growth and fund global expansion.
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The former Marsh broker was initially slated to join Lockton Re’s cyber reinsurance practice.
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Sources have told Insurance Insider that the majority of Beazley’s planned income is driven by rate increase, with limited new business.
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With this deal, Corvus said it becomes the first cyber InsurTech to acquire a London underwriting platform.
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Negotiations were dragged out by decisions being referred for sign-off at senior levels.
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It is understood that Ascent is currently in negotiations with a number of new potential lead markets.
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The change in plan comes as Lloyd’s restricts cyber growth.
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CyberCube also forecast that fresh capital will start to flow into the cyber insurance market next year.
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The UK National Cyber Security Centre has described the flaw as potentially “the most severe computer vulnerability in years”.
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The regulator said increased home-working and digitalisation had heightened levels of cyber risk.
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Claims data points to a lower average cost of claim per claimant for a systemic event compared with attritional or non-systemic claims, according to head of cyber James Burns.