Yes it is kind of funny and interesting. It takes an insurer like Chartis (the former AIG) who has been bashed of it’s past reputation to device a product such as this!!
Should be interesting. Can one have an insurable interest in a company’s reputation and therefore be an additional insured on the policy? Will it be available for politicians? Can’t wait to see the definition of what is covered and the exclusions.
Yes one can if he or she has a major shareholding in the Company. If the Company is very significant to such a person, then, it would be better to for him or her to have the Policy in his or her name, thereby ignoring the loss of reputation of his minority shareholders.
Chartis (AIG) …reputation risk….. think about it and it is kind of funny.
Maybe part of the risk management service is how to buy off politicans.
Please don’t politicise a new insurance product. Political risks can be insured separately in the Lloyds market
Yes it is kind of funny and interesting. It takes an insurer like Chartis (the former AIG) who has been bashed of it’s past reputation to device a product such as this!!
Should be interesting. Can one have an insurable interest in a company’s reputation and therefore be an additional insured on the policy? Will it be available for politicians? Can’t wait to see the definition of what is covered and the exclusions.
Yes one can if he or she has a major shareholding in the Company. If the Company is very significant to such a person, then, it would be better to for him or her to have the Policy in his or her name, thereby ignoring the loss of reputation of his minority shareholders.