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Perkins arrives at the carrier after working at Lockton for five years.
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Within specialty, political risk is the sole line tipped for increased premiums. -
The carrier has yet to find evidence that the incident affected its network.
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Kara Owens said investors’ understanding of cyber insurance has evolved.
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Acrew Capital led the round, with Munich Re Ventures also participating.
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New York State is reviewing two bills that would ban US municipalities from making ransomware payments.
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Elizabeth Benet has a long career in specialty lines underwriting.
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The deal is expected to help the broking giant expand its cyber coverage options as hack-related claims increase.
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First-party claims account for most of the payout, with further third-party claims from the 2019 breach still to come.
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The California-based company will target cyber business in 15 US states.
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The lawsuit over $74mn in losses from a 2013 data breach is closely-watched by the cyber insurance market.
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The cyber specialist joins the MGA’s California office as head of underwriting.
