Zurich and Beasley have agreed on a deal that will see Zurich acquire a significant player in the cyber insurance market.

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Zurich and Beasley have agreed on a deal that will see Zurich acquire a significant player in the cyber insurance market. Creating a global speciality insurer with $15bn of gross written premiums.

One wonders about the effect on the cyber insurance market, as many cyber insurers struggle with growing market share, and AI is creating new risks that insurers struggle to manage. Like cyber insurance, AI insurance is fraught with unknown risks, and there’s a lot of noise about insurers looking to step back from AI risk.

@Thaddeus Dziekanowski Brian D. McCarthy

@Parava Security Solutions Zurich Insurance Beazley

#cyberinsurance #aiinsurance

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