Insurer pulls back from cyber market amid rising hacks and price war
Move by Beazley comes as rivals Chubb and AIG maintain or grow their books in US
Move by Beazley comes as rivals Chubb and AIG maintain or grow their books in US

Beazley and QBE are among the groups proposing to limit losses from the rapidly advancing technology

Companies paid out £197mn, according to the Association of British Insurers, prior to a string of high-profile attacks

AIG, Great American and WR Berkley seek permission to limit liability from AI agents and chatbots

Insurance company says bulk of its 1.4mn customers exposed by third-party data hack

Policies worth $200mn could be tapped to pay for legal bills of former company directors and officers

Chief Greco says prior offers were rebuffed and shareholders should now have a say