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The regulator has instructed all financial entities in the state to immediately either patch or disconnect vulnerable servers. -
The reinsurer says it is in discussion with clients and industry trade bodies on the issue.
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The new paper will be used to underwrite cyber and tech E&O risks in the US and Canadian markets.
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The raise is understood to value the business at about $100mn.
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The move adds actuarial muscle to Qomplx in the wake of the start-up’s agreement to merge with Tailwind, a SPAC.
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The Insight Partners-led funding round brings the total amount raised to $147mn.
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The cyber MGA says clients should install new software patches and look for indicators of compromise.
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The carrier’s head of cyber, Aaron Basilius, says the market segment represents a huge opportunity.
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The broker’s index suggests cyber rates surged ahead of January 1 renewals.
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The ratings agency says additional standalone cyber products would help clarify the scope of cover.
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Brian Dusek will develop and grow the start-ups North America cyber portfolio and report to Yosha DeLong.
