New MGA Ascent to target cyber risks

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Ascent confirmed it will work with London Market brokers providing insurance products to clients on a worldwide basis and will specialise in writing coverage for non-tangible risk including cloud computing, data privacy, network interruption, professional liability and intellectual property perils.

The specialist MGA - utilising Lloyd's capacity led by Amlin - has begun with a modular product suite, CyberPro, which is primarily aimed at the USA, UK, Canadian and European markets.

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