Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies
Oct 11 2021 // Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting Agencies Ltd., subject to UK regulatory approval. Beech Underwriting is an approved...
People Moves: Acrisure Re Appoints 4; Amwins Global Risks Hires Beazley’s Hensman, Davies From Lloyd’s; Favre Joins SiriusPoint for Credit, Bond & Political Risk
Sep 20 2021 // This edition of International People Moves covers appointments at Acrisure Re, Amwins Global Risks and SiriusPoint. A summary of these new hires follows here. Reinsurance Broker Acrisure Re Augments Corporate Advisory and...
People Moves: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS Names 3 to U.S. Renewables
Sep 14 2021 // Lockton’s Reese Joins Cowbell Cyber A former Lockton executive has joined Cowbell Cyber as its new head of Insurance. Chris Reese will focus on the company’s business . Reese brings more than 35 years of...
People Moves: Gallagher Names Hughes as Aerospace Consultant; Tokio Marine HCC Hires Faubert for Credit & Political Risk; Enstar’s CFO to Step Down
Aug 11 2021 // This edition of International People Moves covers appointments for broker Gallagher in London, for insurer Tokio Marine HCC – Credit Group in Paris, and for Enstar Group in Bermuda. A summary of these new hires...
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...
