Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Treasury Names 9 to Panel on Private Insurance Market for Terrorism Risk
Sep 24 2015 // The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance. The...
Arab Bank Settles Terrorism Financing Claims by U.S. Citizens
Aug 17 2015 // Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The settlement was confirmed...
Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War
Aug 10 2015 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the promotion of Steven Tebbutt to global practice leader, political violence and aviation war. Tebbutt has been instrumental in...
Elliot Joins International General (UK) as Political Violence Underwriter
Jul 23 2015 // International General Insurance Holdings Company (UK) announced it has appointed Stuart Elliot as Political Violence Underwriter based in the London office. He joins IGI from Ace European Group, where he was a Terrorism...
UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack
Jul 10 2015 // UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential...
Twitter, Facebook, YouTube Must Report Terrorist Activity: Senate Bill
Jul 9 2015 // Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online “terrorist activity,” according to the text of a bill approved by the U.S. Senate Intelligence...
ACE Doubles Terrorism, Political Violence and War Insurance Capacity
Jul 9 2015 // ACE Group announced it is offering increased insurance capacity of up to US$100 million/100 million euros (previously US$50 million/50 million euros) for terrorism, political violence and war risks in response to evolving...
How Terrorism Reinsurance Law Uncertainty Affected Market
Jun 29 2015 // After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior,...
Models for Explosions from Terrorist Attacks Could Reduce the Carnage
Jun 25 2015 // While catastrophic event models mainly focus on weather related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas where they will cause the...
Blenkinsopp Named XL Catlin’s Chief Underwriting Officer, Political Risk Team
Jun 25 2015 // XL Catlin announced the promotion of Joe Blenkinsopp to the position of chief underwriting officer for its Political Risk and Trade Credit (PRTC) team. Blenkinsopp assumes the role with immediate effect, having previously...
Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform
Jun 24 2015 // Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the...
Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh
Jun 17 2015 // Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this...
CBO Confirms Private Insurers Could Take on Way More Terrorism Risk
Jun 11 2015 // I hate to say I told you so. Actually, scratch that. I love to say I told you so. I just wish it weren’t necessary in this case. Back in January, when Congress passed a six-year extension of the federal backstop for...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec
Jun 3 2015 // The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on...
Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats
May 27 2015 // “Risk levels are rising in Western economies due to the increased terror threat presented by Islamic extremists” according to the Aon Terrorism and Political Violence Map, released by Aon Risk Solutions, the...
ACE Appoints Kapoor as Terrorism & Political Violence Underwriter, UK & Ireland
May 19 2015 // ACE Group appointed Ashwin Kapoor as terrorism and political violence underwriter as it continues to invest in building its specialist insurance capabilities around the world. Reporting to Piers Gregory, terrorism...
Callis Joins Lockton’s DC Office for Political Risk, Structured Credit
Apr 28 2015 // Lockton Companies announced that David Callis has joined its Washington, DC office as Vice President and Producer. He will “work closely with Lockton’s clients and prospects on international risk issues,...
U.S. Judge Upholds Liability of Arab Bank for Terrorist Financing
Apr 13 2015 // A U.S. judge on Wednesday rejected Arab Bank Plc’s bid to overturn a jury verdict finding it liable for knowingly supporting terrorism efforts related to a series of attacks in the Middle East. The Jordan-based bank...
Aon Benfield’s Impact Forecasting Launches New Blast Model for Terrorist Attacks
Mar 18 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, is applying a new blast engineering approach to provide a more realistic understanding of the potential range of losses from a terrorist...
Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism
Mar 3 2015 // Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains. “That’s what...
