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25 April 2024Reinsurance

Hiscox Re & ILS, Ariel Re launch cyber catastrophe consortium CyberShock

London-listed re/insurer Hiscox Re & ILS and Ariel Re have launched a new cyber catastrophe consortium which will offer up to $50 million of per-programme capacity for cyber insurers. It is designed to improve certainty of coverage in the complex cyber insurance market.

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