All the headlines from our Political Risk Topic Page, ordered by recency.
Nov 20 2019 // Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee.The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that passed...
Nov 19 2019 // The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22.The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R....
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Oct 31 2019 // Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program.The House Financial Services Committee unanimously (57-0) passed the...
Sep 25 2019 // The arrest of an airline mechanic suspected of being sympathetic with terrorists and charged with sabotaging a jetliner has renewed fear about the “insider threat” to aviation security.Despite security upgrades...
Aug 1 2019 // Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.The 2nd...
Jul 24 2019 // Ensurance, the specialist MGA and Lloyd’s of London Coverholder, has launched a new terrorism and sabotage insurance offering for the U.S. market. The product will support the U.S. property market and is backed by an...
Jun 28 2019 // Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at...
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
May 22 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
May 15 2019 // Credit and political risk insurance brokerage specialist BPL Global has appointed Donnie DiCarlo as executive vice president. He will be based in New York and is charged with expanding BPL’s client base in the U.S....
Apr 10 2019 // Europe faces an increasingly complex security environment, as Islamist and far-right terrorism creates new vulnerabilities for businesses and communities, according to new research from the broker Aon.In 2019, the risk...
Apr 1 2019 // A U.S. judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran that enabled militants to conduct 55 attacks against U.S. armed forces in neighboring...
Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party.Spearheaded by Neon’s recently promoted...
Mar 8 2019 // Pool Re, Britain’s terrorism reinsurer, is collaborating with UK government agencies to help businesses proactively protect against the risk of terrorism.The £10 million ($13.1 million) project is being funded by...
Mar 1 2019 // Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more than 50 international reinsurers, led by Munich Re.The program,...
Feb 26 2019 // A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks.The 75 million-pound ($99 million) three-year bond will pay 5.9...
Feb 20 2019 // Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance.Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged...
Feb 13 2019 // UK’s Pool Re now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack.Before a change in the law, Pool Re, a public-private...
Dec 10 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool, effective Dec. 1, 2018.BHSI said it is now the first insurer in Hong...