All the headlines from our Political Risk Topic Page, ordered by recency.
Jun 1 2017 // Ironshore Inc. has appointed Russell Fisher as vice president of Political Risk and Trade Credit to underwrite European business lines, based in London.Fisher has more than 20 years’ experience as a specialist in...
May 31 2017 // XL Catlin has opened its first Political Risk, Credit and Bond (PRCB) insurance practice in Canada and has appointed Marvin Azzopardi as senior underwriter.Based in Toronto, Azzopardi, will join XL Catlin on June 1 and...
May 25 2017 // Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks.Beazley, Chaucer and Talbot will work...
May 24 2017 // Soldiers are to patrol British landmarks and sporting events in their biggest homeland deployment in decades, as security services warned that another attack by terrorists who killed 22 people at a pop concert on Monday...
May 23 2017 // As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the...
May 18 2017 // A federal judge on Thursday dismissed two lawsuits seeking to hold Facebook Inc. liable for supporting terrorist groups by letting them use its social media platform to further their goals, including violence against...
Apr 27 2017 // Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday.Political events have overtaken...
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.Insurers say...
Apr 20 2017 // XL Catlin has raised its available terrorism insurance coverage limits to $250 million from $200 million, a 25 percent increase.XL Catlin’s standalone terrorism insurance policy helps U.S. businesses address...
Apr 13 2017 // Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela.Yet turmoil now seems to be coming at a more rapid pace than...
Apr 11 2017 // David McIlhatton knows terrorism cannot be prevented. But measures to keep people safe often deter people from visiting sites or cities.“We don’t want a strong physical (security) presence because that...
Apr 11 2017 // The Justice Department said it has made payments totaling more than $800 million from the U.S. Victims of State Sponsored Terrorism Fund to compensate thousands of U.S. victims of international acts of terrorism by state...
Apr 7 2017 // Miller has hired David Maule in a business production and senior broking role, which the London-based broker said will add “considerable strength” to its trade credit and political risks capabilities.Maule will...
Apr 4 2017 // The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of...
Mar 27 2017 // Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks.The lawsuit filed late Thursday in the U.S....
Mar 13 2017 // Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said.Pool Re, set up in 1993, acts as a backstop to...
Mar 6 2017 // Government agencies are not always successful using social media and telecommunication to uncover the intentions of terrorists because terrorists are now more careful in utilizing these technologies for planning and...
Feb 22 2017 // Ironshore International has increased capacity for Terrorism & Sabotage programs to US$400 million, an increase from the current U$375 million limit, effective immediately.Ironshore’s Terrorism & Sabotage...
Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...
Dec 27 2016 // A pilot error or a technical fault — not terrorism — is likely to be the cause of the plane crash into the Black Sea, Russian officials said Monday as the nation held a day of mourning for the victims.All 84 passengers...