crisis management News

Hiscox Offers New Security Product for Ships Seized by Nation States

Specialist insurer Hiscox has developed a new security product designed to help protect shipping targeted by nation states. Called “Malicious Vessel Seizure,” the will respond to a single peril of a ship taken by a foreign government, providing loss of …

AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units

Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …

AGCS Offers Crisis Management Response Services with Its Pollution Liability Cover

Allianz Global Corporate & Specialty (AGCS) announced it is offering expanded emergency response services as part of its Environmental Impairment Liability (EIL) coverage when pollution and/or contamination events occur. AGCS has formed strategic partnerships with GM Consultant (global) and HETI …

Terrorism, Populist Politics Raise Risks for European Businesses: Aon Report

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 picture is further complicated by a resurgence of populist …

Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis

Allianz Global Corporate & Specialty (AGCS) has launched Reputation Protect Plus in the UK to help companies protect their reputations – their most valuable assets – in times of crisis. Providing “tangible assistance to an intangible risk,” AGCS said its …

Engineers Struggled for 24 Hours to Prevent Laos Dam Collapse; at Least 19 Dead

As the search continues in Laos for hundreds of people still missing in deadly floods caused by a collapsed dam, the South Korean firm helping to build the damaged hydropower project said it warned the government and began evacuating villages …

Novae Expands Cyber Team with Appointment of Quick from IBM

Novae Group plc, the specialist listed Lloyd’s insurer, announced that Stuart Quick has joined its cyber team as breach response and cyber operations manager, reporting to Dan Trueman, head of cyber and chief innovation officer. Quick was previously a managing …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …

Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients

Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up to £500 million ($624 million) in cover …

Hiscox Launches Security Incident Response Policy for Crisis Support

Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services. “SIR will enable organizations to fulfil their duty of care obligations to protect people, operations, shareholder value and long-term brand …