Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy
Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted...
Pool Re Funds £10M Initiative to Help UK Businesses Improve Resilience to Terrorism
Mar 8 2019 // Pool Re, Britain’s terrorism reinsurer, is collaborating with UK government agencies to help businesses proactively protect against the risk of terrorism. The £10 million ($13.1 million) project is being funded by...
Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement
Mar 1 2019 // Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more than 50 international reinsurers, led by Munich Re. The program,...
U.K.’s Pool Re Sells Terrorism Risk Catastrophe Bond
Feb 26 2019 // A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year bond will pay 5.9...
Ironshore’s Shrubb Joins AXA XL’s Terrorism Insurance Team in U.S.
Feb 20 2019 // Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged...
UK’s Pool Re Extends Terrorism Cover to Include Non-Damage Business Interruption
Feb 13 2019 // UK’s Pool Re now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change in the law, Pool Re, a public-private...
BHSI Withdraws from Hong Kong Employees’ Compensation Terrorism Pool
Dec 10 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool, effective Dec. 1, 2018. BHSI said it is now the first insurer in Hong...
Geopolitical Tensions Cause Rise in Political Risk Losses: Willis Towers Watson Report
Oct 1 2018 // Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding a value...
Aon Policy Provides Financial Support to Terrorist Victims
Sep 27 2018 // Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a...
Geopolitical Tensions Cause Rise in Political Risk Losses: Willis Towers Watson Report
Sep 24 2018 // Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding a value...
Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting
Aug 31 2018 // Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit...
UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons
Jul 23 2018 // UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK’s not-for-profit body...
Advent Launches Political Violence Pricing & Placing Platform for SMEs in MENA
Jun 27 2018 // Lloyd’s insurer Advent announced the launch of its online pricing and placing tool, PVPlus. Developed in partnership with CFC Underwriting, this solution gives small and medium sized (SMEs) businesses in the Middle...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
Jun 11 2018 // European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an...
XL Catlin Launches Auto Terror Protect Coverage for Vehicle Terrorist Attacks
Jun 8 2018 // XL Catlin’s has launched a new insurance product for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. According to Mark Steddon, senior underwriter, Terrorism & Political...
Castel Specialty Taps White to Lead New Political Risk Division
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White,...
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
May 21 2018 // XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to...
Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
May 16 2018 // The risk of cyber attack, once overhyped, now threatens businesses’ very existence. Its severity varies significantly with geography: For example, inherent cyber risk has climbed in France over the past year while...
How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
May 14 2018 // Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional...
