Latest Political Risk Headlines

All the headlines from our Political Risk Topic Page, ordered by recency.

Supreme Court Limits Plaintiff Class in TransUnion ‘Terrorist List’ Case

Jun 25 2021 // The U.S. Supreme Court on Friday narrowed the scope of a class action lawsuit against TransUnion in which thousands of people sought damages after the credit reporting company flagged their names as matching those on a...

People Moves: Carpenter’s Schwebach to Aon’s Reinsurance Solutions; Mellor to Credit and Political Risks Team at Miller

Jun 18 2021 // This wrap-up of international People Moves details two recent appointments at Aon’s Reinsurance Solutions and insurance broker Miller, in Minneapolis and London, respectively. A summary of these new hires follows...

Supreme Court Could Use TransUnion ‘Terrorist List’ Case to Curb Class Actions

Mar 31 2021 // The U.S. Supreme Court on Tuesday signaled it could narrow the scope of a class action lawsuit against TransUnion in which thousands of people sought damages after the credit reporting company flagged their names as...

Mosaic Begins Underwriting War, Terrorism & Political Violence Risks Globally

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...

UK Highlights Rising Political Risk in New Business Guidance on Hong Kong

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...

If the Nashville Bombing is Considered a “Terrorist” Act, Does that Trigger the Terrorism Exclusion?

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...

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

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...

Nashville Businesses Await FBI Decision On if Bombing Was Terrorist Act

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...

CFC Expands Terrorism Offering to Include Active Assailant Coverage

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...

The Impact of Political Risks on Businesses

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...

Insurer Canopius Promotes Pike to Head of Credit & Political Risk

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...

London’s International Underwriting Association Publishes New Motor Terrorism Clause

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...

Pool Re Completes £2.4 Billion Terrorism Retrocession Program

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...

NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt

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...

Chubb Launches Non Damage Terrorism Product for Businesses

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...

Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks

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...

Pool Re Takes Steps to Make Terrorism Cover More Accessible to U.K. Businesses

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...

U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners

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...

Spending Bills with Flood, Terrorism Insurance Renewals Go to President Trump

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...

Hiscox’s Rubin Joins Liberty Specialty Markets as Head of Terrorism Underwriting

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...