Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Pool Re to Include Physical Damage from Cyber Terrorism, Effective April 2018
Nov 28 2017 // Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be...
MGA Newbridge Offers Political Violence, Terror Cover; Chaucer, Markel Provide Capacity
Nov 9 2017 // Newbridge Risk Partners, an underwriting cell on the Castel Underwriting MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its...
Ironshore’s Singapore Branch Hikes Capacity to $50M for Political Risk Lines
Oct 19 2017 // Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase...
Terrorism Risks Have Made Tight Security Routine at Many Global Hotels, Resorts
Oct 4 2017 // Across the globe, risks of terrorism and other violence have made tight security at hotels and resorts routine, even in countries where strict gun control laws may help prevent the kind of shooting attack that occurred...
UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report
Sep 26 2017 // Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption losses if there is...
XL Catlin in Iberia Taps Marsh’s Herrero as Head of Political Risk, Credit & Bond
Sep 22 2017 // 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...
Guy Carpenter’s Balderston to Join JLT Re Credit and Political Risk Team
Sep 12 2017 // Global reinsurance broker JLT Re has reported that Stephen Balderston will be joining its Credit and Political Risk team as a partner once he has completed his contractual obligations with his current employer, Guy...
AGCS Expands Terrorism, Political Violence Coverage for U.S. Businesses
Sep 5 2017 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched coverage for U.S. businesses when faced with loss related to terrorism and political violence both at home and...
5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack
Aug 18 2017 // Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas...
Markel Opens Trade Credit, Political Risk Unit in Chicago
Aug 15 2017 // Markel Corp. has launched a new trade credit and political risk operation in Chicago. Christen Mizell will transfer to Chicago from New York to take on trade credit and political risk underwriting responsibility for the...
Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W
Aug 8 2017 // 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...
Facebook Opens Up About How It Is Removing Terrorist Content
Jun 19 2017 // Facebook Inc. on Thursday offered new insight into its efforts to remove terrorism content, a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting. Facebook has...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages
Jun 15 2017 // The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism...
Chubb Boosts Capacity for Terrorism, Political Violence, War Insurance
Jun 12 2017 // Chubb said it is now offering increased insurance capacity of up to US$150m/ €150m (previously US$100m/ €100m) for terrorism, political violence and war risks in response to evolving threats and increased demand from...
Ironshore Names Hiscox’s Fisher as VP Political Risk & Trade Credit in London
Jun 1 2017 // Ironshore Inc. has appointed Russell Fisher as vice president of Political Risk and Trade Credit to underwrite European business lines, based in London. Fisher has more than 20 years’ experience as a specialist in...
XL Catlin Offers Political Risk, Credit & Bond Insurance in Canada; Zurich’s Azzopardi Named Lead U/W
May 31 2017 // XL Catlin has opened its first Political Risk, Credit and Bond (PRCB) insurance practice in Canada and has appointed Marvin Azzopardi as senior underwriter. Based in Toronto, Azzopardi, will join XL Catlin on June 1 and...
Lloyd’s Insurers Launch Asia Political Risk Consortium
May 25 2017 // 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...
U.K. Security Services Warn of Imminent Terrorist Attack; U.S. Leaks Criticized
May 24 2017 // Soldiers are to patrol British landmarks and sporting events in their biggest homeland deployment in decades, as security services warned that another attack by terrorists who killed 22 people at a pop concert on Monday...
China Firms View Political Risks as Top Concern for Belt & Road Project
May 23 2017 // As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the...
Judge Dismisses Lawsuits Claiming Facebook Liable for Supporting Terrorists
May 18 2017 // A federal judge on Thursday dismissed two lawsuits seeking to hold Facebook Inc. liable for supporting terrorist groups by letting them use its social media platform to further their goals, including violence against...
