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AM Best warns PHP vulnerabilities could pose systemic risk for cyber insurers

AM Best, an international credit rating agency specialising in the insurance sector, has warned that security vulnerabilities in the PHP programming language could expose cyber insurers to widespread losses. In a recent industry commentary, the company examines how the vulnerabilities could contribute to systemic cyber risk, increase the potential for aggregated claims and influence insurers’…

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Falvey Insurance reshapes finance leadership and expands cargo underwriting team

Falvey Insurance Group, an insurance provider specialising in marine and cargo risks, has announced several changes to its senior leadership, cargo underwriting team and Board of Directors. The appointments combine internal promotions with new hires who bring experience in insurance finance, marine underwriting and commercial risk management. Rob Bell joined Falvey Insurance Group as Chief…

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