Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Political violence risk has increased worldwide for the third year in a row, while broader political risk is also up, according to analysis by Aon. The broker’s newly released 2018 political risk, terrorism and political violence risk maps also suggest that the global threat posed by Islamic State (IS) has peaked, with its reach likely to fall in 2018. Political…

Reinsurance space remains buyer’s market at 1 April renewals: Willis Re

Reinsurance space remains buyer’s market at 1 April renewals: Willis Re

Reinsurance space remains buyer’s market at 1 April renewals: Willis Re

The 1 April reinsurance renewals continued the trend set in January with a broadly flat pricing environment for loss-free programmes, as reinsurers failed to push through rate increases, according to Willis Re. Although ongoing reinsurance price declines witnessed during recent years have halted, plentiful capital, ongoing interest from the insurance-linked securities (ILS) sector and large primary insurers re-entering the reinsurance…

Insurance market weathers 2017 losses but clouds remain on the horizon

Insurance market weathers 2017 losses but clouds remain on the horizon

Insurance market weathers 2017 losses but clouds remain on the horizon

European corporate risk and insurance managers will be relieved by evidence from international insurer and reinsurer 2017 results and renewals reports. While Hurricanes Harvey, Irma and Maria have halted the seemingly endless softening of insurance and reinsurance rates, or at least reduced price declines, they have not yet led to a dramatic hardening as seen after previous catastrophic losses in…

European commercial rates fall despite first global increase for five years: Marsh

European commercial rates fall despite first global increase for five years: Marsh

European commercial rates fall despite first global increase for five years: Marsh

Global commercial insurance rates rose for the first time in five years during the last quarter of 2017, almost exclusively due to a rise in property premiums, according to Marsh’s Global Insurance Market Index. But while rates were up 0.9% in the UK, they fell by 1.1% on average in continental Europe despite the pace of decline slowing. Marsh said…

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…

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…

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…

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