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But June was the busiest month of the year on the back of recent broker churn. -
The cyber business will continue to operate as a standalone entity.
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Premium rose across the top 15 P&C risks in 2024.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The outages began around 07:00 ET on Tuesday.
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The insurer’s system has now been out of commission for over two weeks.
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The decrease in premiums aligns with price cuts across the market.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The insurer first noticed “unusual network activity” on June 7.
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Coverage has broadened while limits have increased, the broker said.
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The executive was formerly head of cyber solutions, North America.
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