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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023. -
The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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The executive has been with Zurich since 2018.
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The cyber market faces significant claim notifications from Change Healthcare clients.
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Cyber Quoting will connect global cyber insurers and US distributors.
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The average rate increase in the cyber market stands at 1.6%.
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TMHCC said the appointments underline its "commitment to innovation, market expansion and customer service".
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CyberCube expects ransomware attack to impact both large and SME accounts.
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Participating members can purchase up to $10mn in (re)insurance.
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The project is not immediately moving forward due to lack of client demand.
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The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
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Many carriers’ views on cyber are mixed, the agency said.
