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New MGA launches Axa XL-backed hybrid cyber parametric cover


Intangic MGA Ltd., a newly launched U.K.-based cyber managing general agent, has developed a hybrid parametric risk transfer product for large public corporations headquartered in the U.K., Artemis reported. AXA XL Insurance Company UK Ltd. will underwrite the policies, which cover losses of up to $15 million from material cyber breaches.



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