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According to Paul Bantick, global head of cyber risks at U.K.-based Beazley PLC, cyber insurance-linked securities will be crucial to help the cyber risk market further grow, Artemis reported. The market is roughly $10 billion in terms of its global size presently and is expected to reach $30 billion over the next three to four years.
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Turkish airlines cancel flights to Iran and Iraq amid war concerns
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms