WeSpecialty launches comprehensive political risk and terror solution as market tightens

WeSpecialty launches comprehensive political risk and terror solution as market tightens

WeSpecialty launches comprehensive political risk and terror solution as market tightens

WeSpecialty, the fast-growing Paris-based specialty managing general agency backed by a number of leading Lloyd’s insurers offering capacity to French and global corporate insurance buyers, has launched an innovative solution to cover political violence, terrorism and political risks. Patrick de la Morinerie – founder and chairman of WeSpecialty, former deputy CEO of AXA Corporate Solutions and chairman of the International…

Business votes digital risks as top three disruption threats

Business votes digital risks as top three disruption threats

Business votes digital risks as top three disruption threats

Digital risks rank as the top three interruption threats in a recent survey of global businesses, undertaken by the Business Continuity Institute (BCI). Cyber attacks emerged as the greatest perceived threat, with 88% of businesses concerned. This was followed by data breach in second place and IT/telecom outages in third. The results are from the BCI’s Horizon Scan Report, published…

Political risk to escalate in 2017 as ‘peak globalisation’ ends: Marsh

Political risk to escalate in 2017 as ‘peak globalisation’ ends: Marsh

Political risk to escalate in 2017 as ‘peak globalisation’ ends: Marsh

The growing political protectionist trend that began in 2016 with the UK’s decision to leave the EU and US election of Donald Trump, ends “peak globalisation” and could stifle economic trade for multinational businesses this year and beyond, said Marsh on publishing its Political Risk Map 2017. The issues driving such political changes – including immigration, terrorism threats and the…

Hiscox and Control Risks launch security risk insurance

Hiscox and Control Risks launch security risk insurance

Hiscox and Control Risks launch security risk insurance

Hiscox has teamed up with risk management consultancy Control Risks to unveil a new insurance policy for security risks including terrorism, bribery, extortion and industrial espionage. The Security Incident Response policy draws on Control Risks’ expertise to provide incident response, crisis management and recovery, while Hiscox will provide cover for criminal, political, terrorism and political violence, kidnap and extortion risks.…

Coface upbeat despite political uncertainties weighing on trade

Coface upbeat despite political uncertainties weighing on trade

Coface upbeat despite political uncertainties weighing on trade

The rise of populism in Europe, uncertainties around Brexit and US President Donald Trump’s protectionist policies are some of the main threats to the global economy in 2017, according to credit insurer Coface. However, the firm predicts improved global growth in 2017 and, for the first time since mid-2015, has awarded more country risk upgrades than downgrades. In a global…

Aon launches tool to measure and manage Brexit risk

Aon launches tool to measure and manage Brexit risk

Aon launches tool to measure and manage Brexit risk

Aon has launched a new tool to help companies in the UK and those with business interests in the country to manage their Brexit risk. Aon clients can use Brexit Navigator to identify the impact of Brexit risk and assess whether they are ‘Brexit-ready’. The tool will also help companies redesign approaches to risk management and risk financing and test…

Populist surge signals big change in political risk

Populist surge signals big change in political risk

Populist surge signals big change in political risk

The rise in populist politics and nationalism is adding a new and worrying dimension to already heightened political risk, with implications for trade and supply chains, according to consultants, brokers and insurers. In recent years, political risk has been driven by terrorism, the impact of falling commodity prices and conflicts in the Middle East and Africa. But the US election…

K&R emerges as broader crisis solution

K&R emerges as broader crisis solution

K&R emerges as broader crisis solution

With changes in the geo-political landscape, kidnap and ransom (K&R) insurance is morphing into a much broader crisis management solution for corporates. Demand for K&R insurance has grown, while the product has broadened substantially to meet the changing needs of corporates, according to Lucy Higgins, a K&R broker at JLT Specialty. JLT has seen an increase in K&R enquiries from…

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