Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
2nd ‘Stanford’ Suit Targets Willis; Terrorist Bombs Kill 9 in Indonesia; Insurance Fraud on the Rise in UK; Lloyd’s ‘Fli
Aug 3 2009 // Willis has been named in a second lawsuit stemming from its relation with indicted financier Allen Stanford. A Venezuelan investor, Reinaldo Ranni, filed a class action in U.S. federal court in Miami on July 17, accusing...
New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict
Jun 3 2009 // Aon has just issued the latest version of its “Terrorism Threat Map.” The most significant change from previous maps shows a “shift in Islamist terrorist activity from the Middle East to South...
World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk
Apr 24 2009 // Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the...
Sports Terrorism, ‘Names,’ Tongues and Mergers
Mar 23 2009 // Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned...
Aon: Economic Crisis Heightens Political Risk
Jan 28 2009 // 2009 will see the political consequences of the global credit crunch start to have an impact, according to the 16th annual Political Risk Map, launched today by Aon Risk Services, a division of Aon Corporation. In a global...
UK’s Chartered Insurance Institute to Hold Counter Terrorism Workshop
Dec 3 2008 // The UK’s Chartered Insurance Institute Group’s London Market Faculty has teamed up with the National Counter Terrorism Security Office (NaCTSO) and the Metropolitan Police Counter Terrorism Command to hold a...
Political Risk Rises But Risk Experts, Insurers Face Crunch Too
Nov 11 2008 // Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in...
Wisconsin Communities Sign Up for Terrorism Insurance
Jun 12 2008 // Communities across the country and some in Wisconsin have signed up for domestic terrorism insurance. Local leaders say that while the likelihood of a terrorist attack is low, it’s still an insurance policy that...
U.S. Offers Political Risk Insurance for Investments in Palestinian Economy
May 23 2008 // A U.S. government agency signed a political risk insurance deal with a Palestinian firm Thursday to help guarantee investments in the West Bank as part of an international effort to develop the beleaguered local...
Marsh Warns London Firms ‘Under-prepared’ for Terrorist Attack
Mar 24 2008 // Despite the past deadly attacks and the continuing threat of renewed violence, “London firms appear under-prepared for a terrorist attack,” concludes Marsh from the results of an ad hoc poll. Marsh conducted a...
Zurich Covers Political Risk for Sri Lanka Hydropower Project
Mar 13 2008 // Zurich’s Emerging Markets Unit has provided political risk insurance for a hydroelectric power plant in Sri Lanka. “This project was developed in cooperation with the Overseas Private Investment Corporation...
Willis on Middle East Terrorism Insurance
Feb 27 2008 // Willis Group Holdings has released a summation of its presentation on terrorism insurance at the General Arab Insurance Federation (GAIF) conference in Bahrain. The global broker notes: “Despite a number of recent...
Lloyd’s Analyzes Southeast Asia Terrorism Threat
Feb 22 2008 // Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the...
Zurich Offers Political Risk Insurance for Carbon Credit Projects
Feb 21 2008 // Zurich’s North American division announced that it is providing political risk insurance (PRI) for carbon credit projects, as part of its expanding coverage of political risk and trade credit insurance in emerging...
Ohio Insurance Director Issues Terrorism Risk Insurance Act Bulletin
Jan 29 2008 // Ohio Department of Insurance Director Mary Jo Hudson earlier this month issued a bulletin concerning the recent extension of the Terrorism Risk Insurance Act (TRIA), as enacted by Congress and signed by the President. The...
Willis Names Perry a Singapore Political Risk Director
Jan 28 2008 // Willis Group Holdings announced that Rob Perry will join its Asia Political Risk and Trade Credit division team in Singapore as an Executive Director. He is currently a team leader in Willis’ Political Risk Practice...
Bush Gets Terrorism Insurance Extension Bill to Sign
Dec 19 2007 // The U.S. House of Representatives has passed an extension to the Terrorism Risk Insurance Act (TRIA) by a vote of 360 to 53 in a form closer to what the Bush Administration and the Senate would support than to an original...
Aspen Names Haldevang to Head Political Risk
Dec 18 2007 // Bermuda-based Aspen Insurance Holdings Limited has appointed Bernard de Haldevang as Head of Political Risk Insurance with immediate effect. He will report directly to Matthew Yeldham, Aspen’s Head of International...
White House Repeats Threat to Veto House Terrorism Insurance Bill
Dec 12 2007 // The Bush Administration has reasserted its opposition to a House bill that would extend the federal terrorism insurance program after it expires on Dec. 31, vowing to veto any final measure that differs measurably from the...
Senate Approves Terrorism Insurance Backstop Extension
Dec 2 2007 // The Senate passed the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007, its version of legislation that will extend the federal terrorism insurance backstop. The current federal terrorism reinsurance...
