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The Hartford said that it has expanded its management and professional liability insurance for asset management firms with a blended liability policy offering new and extended coverage to address key cyber and regulatory risks.

“Today’s asset management firms operate in an increasingly complex regulatory environment and face an unprecedented array of liability risks,” said Steve Prymas, vice president of management and professional liability insurance at The Hartford. “With the SEC’s heightened focus on cybersecurity preparedness and threats in the securities industry, it is more critical than ever for asset management firms to have appropriate insurance for these types of risks.”

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