political risk News

Coronavirus Pandemic Makes Politically Risky World Even Riskier

The global COVID-19 pandemic has exacerbated an “already volatile political risk landscape” with most countries recording elevated political risk. According to a midyear update to insurance broker Marsh JLT Specialty’s Political Risk Map 2020, all 197 countries rated for the …

Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks

Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …

Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting

Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit insurance, contract frustration and political risks …

Financial Markets’ Volatility Will Hit Allianz’ Fund Business, Warns Board Member

Recent volatility in financial markets will curb inflows this year into Allianz’ asset management business, which includes U.S. bond giant PIMCO, a board member told Reuters. In 2017, Allianz reeled in 150 billion euros ($175.25 billion) in net inflows, a …

XL Catlin in Iberia Taps Marsh’s Herrero as Head of Political Risk, Credit & Bond

XL Catlin’s insurance operation in Iberia announced new local underwriting capabilities with the appointment of Santiago Herrero as head of Political Risk, Credit & Bond (PRCB) – Iberia. Herrero will be based in Madrid and reports to Dan Riordan, XL …

Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W

Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team serving the Asia Pacific region and will report to …

Lloyd’s Insurers Launch Asia Political Risk Consortium

Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work collectively to provide large scale capacity of …

Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey

The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue for executives working in business …

TMK Names Ex-AIG Exec Burke as Trade Credit & Political Risk U/W

Tokio Marine Kiln has appointed Gary Burke to the special risks division in its London office. Burke will focus on trade credit and political risks. Previously he worked for American International Group (AIG) where he held different underwriting roles. Most …

African Demand for Political & Trade Credit Cover Rises Ahead of Kenya Elections

African Trade Insurance Agency, an insurer covering political and trade credit risk across 13 nations, said it’s seeing higher demand ahead of elections in Kenya next year. East Africa’s biggest economy is still haunted by sectarian violence that erupted after …