Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
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...
Lexington Ups Capacity on Bio-Chemical Terrorism Coverage
Nov 27 2007 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased capacity of its BioChem Shield product from $10 million to $25 million. BioChem Shield is Lexington’s coverage...
Senate Approves Terrorism Backstop Extension
Nov 16 2007 // The Senate today passed the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007, legislation that will extend the federal terrorism insurance backstop. The current federal terrorism reinsurance program...
AIR Releases Updated Version of U.S. Terrorism Model
Nov 14 2007 // AIR Worldwide Corporation has released an updated version of its U.S. Terrorism Model, which is available in Version 9.5 of its catastrophe risk management systems. AIR said the new model is the result of “two years...
Lloyd’s Holds Conference on Terrorist Threats in New York
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
Political risk: Converting mystery into opportunity
Nov 4 2007 // By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
