New MGA Ascent to target cyber risks
Ascent Underwriting has launched offering coverage for emerging cyber risks for clients ranging from micro businesses to international corporations.
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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