Substantial increase in credit and political risk capacity, says BPL Global

Substantial increase in credit and political risk capacity, says BPL Global

Substantial increase in credit and political risk capacity, says BPL Global

There is a growing appetite for credit and political risk business among insurers, with a substantial increase in market capacity in the last three years, according to specialist broker BPL Global. BPL said maximum lines for non-payment private obligor risks and public obligor risks rose by 30% to $2.4bn and $3.0bn respectively. It said this comes off the back of…

Marsh’s 2018 political risk map suggests choppy waters ahead for multinationals

Marsh’s 2018 political risk map suggests choppy waters ahead for multinationals

Marsh’s 2018 political risk map suggests choppy waters ahead for multinationals

Turbulence in political risk – particularly Brexit negotiations, trade protectionism and the North Korea missile crisis – will continue into 2018 and feature high on the agenda of multinationals, Marsh said on publishing its Political Risk Map 2018 with BMI Research. In Europe, the political risk landscape continues to be dominated by the UK’s exit from the European Union and…

UK rate increases fail to materialise, with market largely flat: Willis

UK rate increases fail to materialise, with market largely flat: Willis

UK rate increases fail to materialise, with market largely flat: Willis

UK corporate insurance buyers have avoided the hefty rate rises some predicted following record catastrophe-driven losses in the insurance and reinsurance markets last year, with the market largely flat, according to line-by-line analysis by Willis Towers Watson. However, with rate rises failing to materialise, buyers may instead face more selective underwriting as insurers focus on costs and reassess the quality…

Demand rises for political risk cover as threat level remains high

Demand rises for political risk cover as threat level remains high

Demand rises for political risk cover as threat level remains high

Despite an improving global economic outlook, political risk remains heightened, driving demand for political risk insurance. The world economy grew faster than expected in 2017, while the IMF recently revised its growth forecasts upwards for 2018 and 2019. The uptick in growth is broad-based, particularly in Europe and Asia. The improved outlook reflects growing momentum in global growth and US…

Good service pays dividends as GIC Re South Africa continues growth trajectory

Good service pays dividends as GIC Re South Africa continues growth trajectory

Good service pays dividends as GIC Re South Africa continues growth trajectory

Good service, expertise and capacity have proved a winning formula for GIC Re South Africa, which has seen another year of growth despite challenging times in the South African insurance sector. Deepak Prasad, managing director and CEO of GIC Re South Africa, said: “Internationally, it has been very different from one market to another this year because of the global…

XL Catlin launches political risk, credit and bond insurance in France

XL Catlin launches political risk, credit and bond insurance in France

XL Catlin launches political risk, credit and bond insurance in France

XL Catlin has started a local political risk underwriting operation in France and Benelux, with the appointment of Eric Zandvliet as head of political risk, credit and bond (PRCB) for the region, based in Paris. Mr Zandvliet has held the role of senior underwriter, PRCB, at XL Catlin since 2014. Bruno Laval, regional manager, France and southern Europe, said: “Large…

BI, cyber and nat cats top 2018 Allianz Risk Barometer

BI, cyber and nat cats top 2018 Allianz Risk Barometer

BI, cyber and nat cats top 2018 Allianz Risk Barometer

Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk experts from 80 countries polled for the latest Allianz Risk Barometer. The survey by Allianz Global Corporate and Specialty (AGCS), reveals that BI and cyber also remain the leading two risks in Europe, where changes to legislation/regulation and natural catastrophes…

Unpredictable political leaders will cause ‘profound uncertainty’ in 2018, warns Control Risks

Unpredictable political leaders will cause ‘profound uncertainty’ in 2018, warns Control Risks

Unpredictable political leaders will cause ‘profound uncertainty’ in 2018, warns Control Risks

Risk managers and business will face “profound uncertainty” in 2018, as increasingly unpredictable behaviour from a rising number of national political leaders ushers in a period of geopolitical fragility, according to Control Risks’ 2018 RiskMap. The annual political and security risk map, published this week, warns that such behaviour is making it extremely difficult for companies to plan ahead. It…

West Africa looks buoyant for 2018

West Africa looks buoyant for 2018

West Africa looks buoyant for 2018

Political uncertainty ahead of Nigeria’s 2019 presidential elections and ongoing security concerns are among the key risks for businesses operating in the region, according to Control Risks. However, in its annual political and security risk forecast RiskMap, the report authors found that as Nigeria exits the recession of 2017, investor sentiment across west Africa is likely to experience uplift in…

Risks continue to impact east Africa

Risks continue to impact east Africa

Risks continue to impact east Africa

Despite Kenya emerging from a protracted presidential election process and seeing a return to political stability, challenges remain, according to Control Risks. In its annual political and security risk forecast RiskMap, Control Risks reveales challenges will persist in 2018 for organisations operating in the country and east Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania…

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