Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
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...
Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms
Dec 16 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss. Disruption of international trade was...
Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms: WTW
Dec 6 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss. Disruption of international trade was...
After Oil Field Attacks, Saudi Aramco Seeks Terrorism Insurance from London Market
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil...
Senate Banking Committee Advances Terrorism Reinsurance Renewal
Nov 20 2019 // Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee. The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that...
House Passes Terrorism Reinsurance Renewal; Senate to Take Up Measure
Nov 19 2019 // The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22. The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R....
Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Industry Applauds House Panel Backing of Terrorism Reinsurance Renewal
Oct 31 2019 // Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program. The House Financial Services Committee unanimously (57-0) passed the...
How U.S. Is Attempting to Manage Risk from ‘Insider’ Terrorist Threat in Aviation
Sep 25 2019 // The arrest of an airline mechanic suspected of being sympathetic with terrorists and charged with sabotaging a jetliner has renewed fear about the “insider threat” to aviation security. Despite security...
Court Upholds Facebook Immunity in Case Brought by Terrorist Attack Victims
Aug 1 2019 // Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals. The 2nd...
Ensurance Expands Terrorism, Sabotage Coverage to US; Hires 2 New Underwriters
Jul 24 2019 // Ensurance, the specialist MGA and Lloyd’s of London Coverholder, has launched a new terrorism and sabotage insurance offering for the U.S. market. The product will support the U.S. property market and is backed by an...
Specialist Re/Insurer Apollo Taps Steeds from XL Catlin as Political Risk U/W
Jun 28 2019 // Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
May 22 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
BPL Global Adds Marsh’s DeCarlo to Grow Credit, Political Risk Business in U.S.
May 15 2019 // Credit and political risk insurance brokerage specialist BPL Global has appointed Donnie DiCarlo as executive vice president. He will be based in New York and is charged with expanding BPL’s client base in the U.S....
Terrorism, Populist Politics Raise Risks for European Businesses: Aon Report
Apr 10 2019 // Europe faces an increasingly complex security environment, as Islamist and far-right terrorism creates new vulnerabilities for businesses and communities, according to new research from the broker Aon. In 2019, the risk...
U.S. Judge Finds No Liability for European Banks in Iran Terrorism Financing
Apr 1 2019 // A U.S. judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran that enabled militants to conduct 55 attacks against U.S. armed forces in neighboring...
