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International

Increasing ransomware events drive rate increases at Beazley

July 27, 2021 Reprints

U.K.-based insurer Beazley PLC saw higher rates across all insurance lines in the first half of the year, especially cyber insurance driven, which was by an increase in ransomware incidents, Reinsurance News reported. The insurer’s cyber and executive risk business reported a 31% increase in gross written premium to $548.8 million, bolstered by a 44% pricing hike.

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Increasing ransomware events drive rate increases at Beazley

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