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Risks associated with tech M&As create new insurance opportunities

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U.K.-based specialist insurer CFC Underwriting Ltd. said that growing technology company mergers and acquisitions present new business opportunities for insurance brokers, Reinsurance News reported. CFC said that technology companies face unique risks related to intellectual property, data protection and cyber security, and prospective parties involved in M&A transactions could be exposed to such risks, which could be mitigated by access to relevant insurance coverage.

 

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