UK Counter Terrorism and Security Bill News

No Ratings Impact from UK’s Counter-Terrorism/Security Bill: A.M. Best

A bulletin from A.M. Best indicates that it “does not expect rated insurers to be impacted by the amendments to the UK’s Counter-Terrorism and Security Bill, making it illegal for insurers to reimburse ransom payments made to terrorist organizations.” The …

UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations

The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK, but also by the U.S., …