Geopolitical Risks News

Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’

The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes “deal activity …

AXA’s CEO Buberl Wants to ‘Scale Up’ Corporate Business

AXA SA’s Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm’s business insuring corporate risks in the next phase of the firm’s growth. “In a highly volatile and highly unpredictable environment it is important to take …

If China Invades Taiwan, It Would Cost World Economy $10 Trillion

War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …

Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots

Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots. Political violence cover, which businesses can take out to …

AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines

Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for the US property/casualty commercial lines segment. Premium rates for most of …

German Companies Seeking to Cut Risk of Doing Business in China: Survey

Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in China. Firms are …

How Panama Fishing Boats Brought Mining Company First Quantum to its Knees

For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …

P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re

The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The pace of claims growth in the liability line of business challenges the insurability of …

From Ukraine to Taiwan, Satellite Firms Wrangle With Geopolitics in Space

If China attempts to cut Taiwan off from the world by severing more than a dozen undersea cables that connect it to the internet, large numbers of fast-moving low Earth orbit satellites will be critical to maintaining communications. In June, …

Global Companies to Increase Security Spending as Threats Rise: Survey

Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information. A …