All the headlines from our Political Risk Topic Page, ordered by recency.
Mar 9 2021 // Mosaic, the new Bermuda-based global specialty insurer, announced it has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York.Mosaic will offer tailored coverage for...
Feb 17 2021 // The UK highlighted increasing political risks in its latest guidance on conducting business in Hong Kong, pointedly dropping references to relations with its former colony as “positive” and...
Jan 22 2021 // A Christmas Day explosion rocked Nashville, Tennessee. Officials believe 63-year-old Anthony Q. Warner is responsible for the blast that damaged several buildings, injured three people and reportedly killed Warner. Various...
Jan 20 2021 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately.Since LSM entered the market in 2018, business written used...
Jan 8 2021 // The FBI investigation into whether the Nashville bombing was a terrorist act has sparked criticism about a possible racial double standard and drawn questions from downtown business owners whose insurance coverage could be...
Dec 9 2020 // CFC, a specialist insurance provider specializing in emerging risks, has expanded its suite of terrorism and sabotage insurance products to include standalone active assailant cover.The active assailant policy covers...
Oct 13 2020 // Civil unrest incidents such as protests and riots are challenging terrorism as the main political risk exposure for companies. Recently, events such as the French “yellow vest” protests (insured losses around...
Jul 30 2020 // Canopius announced it has promoted Stephen Pike as head of Credit & Political Risk (CPR) team, part of the Credit, Political & Crisis (CPC) division, effective immediately.Pike joined Canopius as an underwriter in...
Jul 24 2020 // A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association.It has been developed after a growing spate of terrorist attacks using vehicles led to...
Mar 4 2020 // Pool Re, a leading British terrorism reinsurer, said it has completed placement of its £2.4 billion retrocession program with more than 50 international reinsurers, led by Munich Re. Hannover Re also provided a...
Feb 11 2020 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd.Financial details of the transaction, which closed on Dec. 10, 2019, were not disclosed....
Feb 4 2020 // Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies.Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business...
Jan 22 2020 // Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the...
Jan 6 2020 // Pool Re, Britain’s leading terrorism reinsurer, announced it is taking steps to help reduce costs and improve the accessibility of terrorism insurance for businesses in the U.K., in part by expanding the definition...
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
Dec 20 2019 // The Senate yesterday went along with House measures that fund the military and rest of the federal government through next September.The government funding measure includes two provisions of particular interest to the...
Dec 19 2019 // Liberty Specialty Markets (LSM) has appointed Jennifer Rubin to a newly-created role as senior underwriting executive and head of Terrorism Underwriting in North America. Rubin was formerly senior vice president, head of...
Dec 16 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss.Disruption of international trade was...
Dec 6 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss.Disruption of international trade was...
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.Aramco, the world’s largest oil...