Terrorism News

EU Security Chiefs Warn that Terrorist Attacks Highly Likely in Europe

Islamic State and other militants are very likely to attempt big new attacks in Europe following those in Paris, the EU’s police agency said on Monday, echoing previous warnings by senior security officials. The assessment was based on discussions concluded …

State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery

Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in New York. The carnage in …

Islamic State’s Business Model Must Be Disrupted: Bloomberg Editorial

What it means for a European nation and member of NATO to declare war against a stateless band of terrorists is an interesting and important question, made urgent by Islamic State’s brutal attack on Paris last Friday. As Europe and …

Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11

In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9 billion — roughly the size of Bulgaria’s …

History Shows Economies Are Resilient After Terrorist Attacks

The French economy has history on its side. From the attacks of September 11 to those on Spain in March 2004 and London in July 2005, industrial economies have proven more resilient to terrorism than first feared, according to those …

Russian Air Crash Bomb Theories Highlight Insider Threat to Aviation Security

The possibility that Islamic terrorists smuggled a bomb onto a Russian jet flying home from Egypt highlights a new area of worry for aviation security: the insider threat. Instead of focusing on a small cadre of al-Qaeda forces trying to …

Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index

“Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment,” according to a report from Willis Group Holdings. The findings appear in the latest edition of the Willis Political Risk Index, which is …

UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack

UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …

ACE Doubles Terrorism, Political Violence and War Insurance Capacity

ACE Group announced it is offering increased insurance capacity of up to US$100 million/100 million euros (previously US$50 million/50 million euros) for terrorism, political violence and war risks in response to evolving threats and increased demand from multinational clients. The …

Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform

Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the emerging markets regions including, but not limited to, MENA and the …