July 8, 2019
Pool Re, Britain’s terrorism reinsurer, announced the placement of its new retrocession program covering non-damage business interruption (NDBI) losses. The program incepted on July 5. The Counter-Terrorism and Border Security Bill 2018, which was signed in February 2019, allows Pool …
April 10, 2019
Europe faces an increasingly complex security environment, as Islamist and far-right terrorism creates new vulnerabilities for businesses and communities, according to new research from the broker Aon. In 2019, the risk picture is further complicated by a resurgence of populist …
March 8, 2019
Pool Re, Britain’s terrorism reinsurer, is collaborating with UK government agencies to help businesses proactively protect against the risk of terrorism. The £10 million ($13.1 million) project is being funded by Pool Re, led by the UK Counter-Terrorism Police, in …
March 1, 2019
Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more than 50 international reinsurers, led by Munich Re. The program, provided on a three-year basis, is one of the largest …
February 20, 2019
Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged with growing the company’s war, terrorism and political …
February 13, 2019
UK’s Pool Re now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change in the law, Pool Re, a public-private partnership …
February 4, 2019
A Peabody, Mass.-based insurance agency has been ordered by a Massachusetts judge to pay more than $5 million in restitution to its small business customers after they were overcharged for insurance products. The final judgment, entered by Suffolk Superior Judge …
December 10, 2018
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool, effective Dec. 1, 2018. BHSI said it is now the first insurer in Hong Kong to provide EC terrorism coverage …
September 27, 2018
Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …
July 23, 2018
UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK’s not-for-profit body which …