Terrorism News

XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps

XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments

The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it becomes law before the general election in May, …

Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter

Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new products, expansion into new geographic markets …

Chubb: No Operations or Employees in U.S. Blacklisted Countries

Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of terrorism ties. The third-party adjusters who examine marine claims are …

Barker Joins ANV Syndicate 1861 as Political Risk & Violence Underwriter

ANV Holdings BV, the Dutch-headquartered specialty insurance business, announced that Julian Barker has joined its ANV Syndicate 1861 as an underwriter in the political risk & violence team. With more than a decade of experience in political risks from both …

NYPD: Terror Threat More Complex Than Ever

Air strikes in Iraq, ongoing unrest in Syria and the beheadings of two American journalists are casting a long shadow over the 13th anniversary of the Sept. 11 attacks. While there is no specific threat against New York ahead of …

Hiscox Increases U.S. Terrorism Insurance Capacity to $200 Million

Hiscox has increased capacity to $200 million for U.S. domiciled terrorism risks. The additional capacity addresses the increased demand for standalone terrorism coverage caused by the upcoming expiration of the U.S. government terrorism insurance backstop offered by the Terrorism Risk …

XL Group Assembles Crisis Management Team in U.S.

XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the new team has underwriters …

Ironshore International Launches Terrorist Coverage for High-Profile Events

Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events.  The new product, “SecurEvent,” is a single broad form policy that offers a suite of coverage protection, including broad form contingency, general …

Terrorism & Political Violence Map: Aon Risk Solutions

The continued threat of a terrorist attack or political violence worldwide persists and is not going away anytime soon. Despite 19 countries showing improved terrorism and political violence ratings, according to Aon’s 2013 Terrorism and Political Violence Map, 44 percent …