Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
Jun 11 2018 // European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an...
XL Catlin Launches Auto Terror Protect Coverage for Vehicle Terrorist Attacks
Jun 8 2018 // XL Catlin’s has launched a new insurance product for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. According to Mark Steddon, senior underwriter, Terrorism & Political...
Castel Specialty Taps White to Lead New Political Risk Division
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White,...
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
May 21 2018 // XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to...
Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
May 16 2018 // The risk of cyber attack, once overhyped, now threatens businesses’ very existence. Its severity varies significantly with geography: For example, inherent cyber risk has climbed in France over the past year while...
How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
May 14 2018 // Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional...
Miller Hires RKH’s Denee, Marsh’s Moseley for Its Credit and Political Risks Team
Apr 20 2018 // Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for...
Terrorist Attack Victims Seek to Restart Lawsuit Against Facebook After Zuckerberg Testimony
Apr 17 2018 // A lawyer for victims of terrorist attacks in Israel on Monday urged a federal appeals court to revive their lawsuit against Facebook Inc., saying Mark Zuckerberg’s congressional testimony undermined the social media...
Pool Re to Extend Terrorism Cover to Include Non-Damage Business Interruption
Mar 22 2018 // Pool Re welcomed the UK government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable it to extend its cover to include non-damage business interruption losses resulting from acts of...
Aon Benfield Taps Paire & Karhan from Carpenter for Capital Advisory, Terrorism Specialty Units
Mar 8 2018 // Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, announces two new high profile appointments to lead its Capital Advisory and Terrorism Specialty divisions: Eric Paire and Emma Karhan,...
Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered
Mar 1 2018 // Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The...
JLT Acquires U.S. Trade Credit and Political Risk Broker IRC
Feb 28 2018 // Global broker Jardine Lloyd Thompson Group (JLT) has acquired International Risk Consultants (IRC), a U.S. broker specializing in specialist trade credit and political risk insurance. Based in Columbus, Ohio, and operating...
UK’s Pool Re Launches Terrorism Risk Assessment Tool to Help Insureds Cut Premiums
Feb 14 2018 // Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large businesses, this tool will enable Pool Re member insurers to offer a 5 percent premium...
Judge Voids Verdict on Arab Bank Liability for Terrorism; Triggers Settlements
Feb 12 2018 // A U.S. appeals court has thrown out a 2014 jury verdict finding Arab Bank Plc liable for knowingly supporting militant attacks in Israel linked to Hamas, a decision that triggers a settlement agreement with hundreds of...
Everest Insurance Hires Aspen’s Sanders to Lead Europe Credit & Political Risk Business
Feb 8 2018 // Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political Risk insurance business. Sanders joins Everest with over 20 years of experience in the London...
American Families Sue Chiquita Over Terrorist Group Killings in Colombia
Feb 5 2018 // The families of six Americans kidnapped and killed in Colombia during the 1990s by the terrorist organization known as FARC are seeking potentially tens of millions of dollars in damages from banana giant Chiquita Brands...
Zurich North America Names Labbat to Head Trade Credit and Political Risk
Feb 1 2018 // Zurich North America has named Lillian Labbat as head of Trade Credit and Political Risk. Prior to joining Zurich, Labbat held executive roles in global trade finance, export finance and structured credit with J.P. Morgan,...
St. Louis Cardinals’ Anti-Terrorism Safety Act Plan Approved
Dec 20 2017 // The St. Louis Cardinals have received federal certification giving the organization legal protections in the event of a terrorist attack at Busch Stadium. Democratic Sen. Claire McCaskill announced that the U.S. Department...
Pool Re, UK’s Cranfield University Co-Fund Terrorism Risk Mgmt. & Resilience Professorship
Dec 6 2017 // Pool Re and Cranfield University announced the appointment of Professor Andrew Silke as the professor of Terrorism Risk Management and Resilience at Cranfield University. This is a new position that will be co-funded by...
