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Aon’s E&O and Cyber Market Review found that between Q1 2019 and Q4 2021, ransomware attacks surged 323%. -
WTW forecasts that cyber rates could increase by 100% to 200% for heavily exposed industries.
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Two more vehicle tech companies face SPAC-related securities suits.
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The intermediary said capacity for downstream energy has now returned to 2017 levels.
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The action follows the news that Brickell PC Insurance Holdings would acquire the remaining shares in R&Q for £482mn ($632.4mn).
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Downgrades are expected to be announced next week for some Florida carriers that are “already winding down”.
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There is a tension between securing payback and negotiating higher retentions.
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A discrimination claim against a corporate vaccine mandate could be harder to assert if an employer is being consistent in their approach.
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Inside P&C’s news team runs you through the key developments from the week.
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The insurer plans to take more rate throughout the year.
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The firm adjusted 2022 projected revenues for the acquired Willis Re book down by $10mn from its 2020 figures due to forex and Ukraine changes.
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Coupled with potential new capacity and pricing adequacy on the horizon, the tumultuous medmal space may see stability in the medium term.
