Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
XL Group Expands Political Risk Team in New York
May 8 2013 // XL Group added two new members to its Political Risk and Trade Credit (PRTC) business. XL appointed Mena Cammett as senior risk analyst and Dane Mahoney as risk analyst. Both are based in New York and report to Rafael...
Time to Press Again for Terrorism Risk Insurance Act Reauthorization
May 6 2013 // Congress faces a packed agenda this year. Deficit reduction, immigration reform and gun control will dominate the agenda. But another issue must be added to the docket — reauthorization of the Terrorism Risk Insurance...
Demand, Rates for Terrorism Insurance Coverage Remain Steady: Marsh
Apr 30 2013 // The recent bombing at the Boston Marathon serves as a reminder that mass violence remains a critical threat for organizations, say experts at insurance brokerage Marsh, which just issued its latest report on sales of...
Experts Weigh Boston Bombings’ Impact on Government-Backed Terrorism Insurance
Apr 30 2013 // The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop. Some experts say the Boston Marathon tragedy could help the cause of supporters of the...
Defining Terrorism for Policies Not a Simple Task After Boston Tragedy
Apr 25 2013 // There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and...
Terrorism Risk, Flood Insurance and Green Building Hot Topics for Risk Managers: RIMS
Apr 23 2013 // Renewal of the Terrorism and Risk Insurance Act (TRIA) was a much talked about topic at the annual Risk and Insurance Management Society conference on Tuesday, a four-day conference in Los Angeles, Calif., that includes...
FBI Calls Boston Marathon Bombings ‘Potential’ Terrorist Act
Apr 15 2013 // The FBI said the investigation of the explosions at the finish line of the Boston Marathon is a “criminal investigation that is a potential terrorist investigation.” The FBI, with Special Agent Richard...
Q&A: Congressional Politics and Prospects for Terrorism Insurance Renewal
Mar 26 2013 // The Terrorism Risk Insurance Act, which was initially enacted in 2002, and amended by the Terrorism Risk Insurance Revision and Extension Act of 2005 and the Terrorism Risk Insurance Program Reauthorization Act of 2007...
Aon Unveils 2013 Interactive Political Risk Map; Focus on Emerging Markets
Mar 19 2013 // To complement its print version, Aon Risk Solutions, the global risk management business of Aon plc, has unveiled a new online and interactive political risk map with data going back more than 15 years. Aon explained the...
Debate Over Terrorism Insurance to Be Renewed
Feb 6 2013 // Bipartisan legislation filed yesterday in the House of Representatives promises to renew the federal terrorism reinsurance program and the debate about whether the backup program is necessary. Introduced by Reps. Michael...
Willis Experts See North Africa Terrorist Threats Rising after Algeria Attack
Jan 24 2013 // Tim Holt, Head of Intelligence for Alert: 24, a new risk and crisis management consultancy from Willis Special Contingency Risks (SCR), followed up his earlier comments by warning that the “possible spread of Islamic...
Catlin Introduces ‘UK Asymmetric’ Terrorism Insurance and Crisis Response Product
Jan 23 2013 // London-based underwriting subsidiaries of the Bermuda-based Catlin Group Limited have introduced a new terrorism insurance product that includes unique crisis response services as well as coverage for chemical, biological,...
A Future Without the Terrorism Insurance Backstop?
Jan 18 2013 // The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24 months. The consequences could be severe, from reduced availability of coverage to...
Many Hostages in Gas Plant Siege Unaccounted for; New Terrorist Threats
Jan 18 2013 // At least 22 foreign hostages were unaccounted for on Friday and their al-Qaeda-linked captors threatened to attack other energy installations after Algerian forces stormed a desert gas complex to free hundreds of captives,...
Lloyd’s: Increasing Civil Unrest Driving Political Violence Coverage Demand
Dec 31 2012 // A report from Lloyd’s of London concludes that the increasing demand for political risk insurance “has been rising as civil unrest and political violence continue to threaten businesses around the...
Talbot Appoints Schild as New Political Risk Underwriter
Dec 18 2012 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Thomas Schild as Vice President, Political Risk Underwriter of Talbot Underwriting Services (US) Ltd. Talbot...
Cooper Gay Launches Terrorism & Political Risk Crisis Management Service
Oct 8 2012 // London-based Cooper Gay & Co. announced that the independent insurance and reinsurance intermediary is “offering a free crisis management and business continuity consultation to its Terrorism & Political...
Zurich Appoints Credit & Political Risk Director in Washington, D.C.
Jul 24 2012 // Zurich, Switzerland-headquartered Zurich Insurance Group appointed Dave Anderson as credit and political risk director for global business development. He will be based in Zurich’s Washington, D.C., office. Anderson...
XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion
Jun 11 2012 // XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s...
UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage
Apr 30 2012 // Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the...
