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CyberCube expects ransomware attack to impact both large and SME accounts. -
A total of 30 carriers entered the US public company D&O space in 2023.
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Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
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The market is shifting towards capital relief, with fewer, larger deals.
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Trisura is expanding the firm’s licenses to include all 50 states and Washington, DC.
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The complexity of the incident and US location point to one of the largest ever marine losses.
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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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The value of the bridge is estimated at $1.2bn.
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Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.
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Trends in IBNR might suggest over-optimism in carriers’ reserving outlook.
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A Maersk-chartered container ship caused the Francis Scott Key Bridge to collapse.
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There is more capacity in the market for long-term risks.
