Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
ISO to Collect Terrorism Insurance Data for Treasury
Apr 4 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Kenya Re Expects to Sell More Political Risk Cover in 2017, Boosting Earnings
Mar 31 2016 // Kenya Reinsurance Corp., the country’s only publicly traded reinsurer, expects increased political risk linked to presidential elections in the East African nation next year to boost earnings, Chief Executive Officer...
ISO to Collect Terrorism Insurance Data for Treasury
Mar 28 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...
Ironshore Bolsters War & Terrorism Offering in Asia Pacific with Hill Appointment
Mar 9 2016 // Ironshore International announces that James W. Hill has been named underwriting manager of Terrorism, Political Violence and War for the Asia Pacific region. Hill, who joins Ironshore from Willis Ltd., will be based in...
U.S. Treasury Seeks Terrorism Data from Insurers
Mar 4 2016 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) is requesting that insurers voluntarily submit insurance data regarding their participation in the Terrorism Risk Insurance Program (TRIP). The...
Allied World Offers Trade Credit & Political Risk Products in Canada
Feb 12 2016 // Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients...
U.S. Victims of Mexican Drug Gangs Sue HSBC Bank Under Anti-Terrorism Act
Feb 10 2016 // Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their...
Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover
Feb 2 2016 // Shariah compliant managing general agent Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the...
EU Security Chiefs Warn that Terrorist Attacks Highly Likely in Europe
Jan 26 2016 // Islamic State and other militants are very likely to attempt big new attacks in Europe following those in Paris, the EU’s police agency said on Monday, echoing previous warnings by senior security officials. The...
Hiscox Adds Property Damage Protection to Terrorism Insurance Product
Jan 22 2016 // Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies...
ArgoGlobal Appoints Shallow as Credit & Political Risks Underwriter
Jan 8 2016 // ArgoGlobal has appointed Jeremy Shallow as Credit and Political Risks Class underwriter. He takes up his position with immediate effect, reporting to John Moffatt, head of Specialty. Shallow joins the company from Aspen...
China Anti-Terrorism Law Raises Implementation Concerns: European Chamber
Dec 31 2015 // The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European...
Ironshore Launches Hybrid Product for Fine Art Losses from Political Risks
Dec 2 2015 // Ironshore International has introduced a hybrid insurance product to protect against loss or damage of works of art in the care custody and control of Museums and Exhibition organizers, as well as personal fine art...
Terrorist Activity Boosts Interest in Travel Insurance
Nov 25 2015 // There has been a rise in demand for travel insurance due to recent terrorist attacks, according to an online seller of the coverage. Travel insurance comparison site InsureMyTrip said that since the attacks occurred in...
State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery
Nov 24 2015 // Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in New York. The carnage in...
UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism
Nov 17 2015 // Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare...
Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11
Nov 17 2015 // In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9...
History Shows Economies Are Resilient After Terrorist Attacks
Nov 16 2015 // The French economy has history on its side. From the attacks of September 11 to those on Spain in March 2004 and London in July 2005, industrial economies have proven more resilient to terrorism than first feared,...
ACE Appoints Brown as Political Violence & Terrorism Underwriter at AOG Unit
Nov 6 2015 // ACE Group has appointed Cara Brown as political violence & terrorism underwriter, ACE Overseas General, with immediate effect. Brown is responsible for assisting in the development of global business within both...
