Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi Arabia as well as several Saudi …
Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary responsibility for the attacks and should be …
The Sept. 11, 2001, terrorist attacks forever changed how the insurance industry views terrorism risk, says Robert Hartwig, president of the Insurance Information Institute. For the global insurance and reinsurance industry the impact from 9/11 was substantial, amounting to insured …
Prior to September 11 attacks ten years ago, the thought of terrorism didn’t loom large in our nation’s collective psyche or our business decisions; since then, however, it has become a constant factor. Just last month, the initial reaction of …
ACE announced from its London office that it has appointed Marie Biggas to the position of underwriter for terrorism and political risks for ACE Overseas General (AOG). She joins ACE from the Chaucer Syndicate, and will continue to be based …
A powerful explosion caused extensive damage to government buildings in the Norwegian capital Oslo. At least two people have reportedly been killed by the blast and 15 have been injured. Rescue teams, hampered by fires, are still searching the damaged …
Liberty International Underwriters (LIU) and Liberty Syndicates have launched a joint initiative to provide war and terrorism insurance capacity for Middle Eastern risks. “LIU will distribute its product through Middle Eastern brokers and provide customer service from its regional office …
Aon’s annual publication of its Terrorist Risk Map has been expanded. Aon said this year’s version features areas where “political violence, strikes, riots, civil war and war threaten the sustainable growth, continuity and profitability of businesses as much as terrorism.” …
Growing concerns over worldwide terrorism have caused some professionals to refuse going on business trips. Half of all respondents to a new survey reported they would refuse a business trip because of concerns related to terrorism (28 percent) and political …
The arcane world of spies, informers, terrorists and the people who have to deal with them remains largely a mystery to most ordinary citizens. But when those efforts produce spectacular results, as in the tracking down and killing of Osama …
