Chaucer appoints political risks and credit underwriter in Singapore

Chaucer appoints political risks and credit underwriter in Singapore

Chaucer appoints political risks and credit underwriter in Singapore

Specialty (re)insurance group Chaucer has appointed Jaime Taylor as class underwriter in the political risks and credit team of its Singapore practice. Chaucer said her appointment helps fulfil the firm’s ambitious growth plans and maintain its strong presence in the market. Margaret To, head of Singapore at Chaucer, said: “Jaime has a wealth of experience in underwriting and will significantly…

Pandemic fuels heightened political risk in 2021, finds Marsh’s map

Pandemic fuels heightened political risk in 2021, finds Marsh’s map

Pandemic fuels heightened political risk in 2021, finds Marsh’s map

Pandemic-induced economic stress will continue to exacerbate political risk throughout this year, according to Marsh Specialty’s Political Risk Map 2021, which shows larger increases in in-country economic risk than ever before across all global regions. The map is based on data from Marsh Specialty’s World Risk Review platform, and rates 197 countries and territories across nine indicators relating to security,…

Renewable energy drives demand for credit insurance: BPL

Renewable energy drives demand for credit insurance: BPL

Renewable energy drives demand for credit insurance: BPL

Renewable energy deals are driving fresh demand for credit insurance, says a new report on the credit and political risk insurance sector by specialist broker BPL Global, which adds that the pandemic is further increasing rates. BPL said a third of its project finance enquiries were from the power sector last year, with two thirds for renewable energy projects. The…

US-China tensions should top corporate risk radars in 2021, warns Verisk Maplecroft

US-China tensions should top corporate risk radars in 2021, warns Verisk Maplecroft

US-China tensions should top corporate risk radars in 2021, warns Verisk Maplecroft

High geopolitical tensions are at risk of using corporates as collateral, warns a new report from intelligence firm Verisk Maplecroft, which says rising troubles between the US and China should be at the top of corporate risk radars. The  Political Risk Outlook 2021 report says political rivals could use sanctions and export controls that will impact business because the corporate…

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top risk facing global firms, followed by a pandemic outbreak in second place and cyber incidents a close third, after taking the number one spot last year, according to Allianz Global Corporate & Specialty’s (AGCS) Risk Barometer 2021. BI held the top spot for four consecutive years in the Allianz Risk…

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate conflicts higher than it has been for decades, warns Risk Advisory’s Strategic Outlook 2021. The risks consultancy’s report says that the global security and geopolitical outlook is broadly worsening this year in North America, west and central Africa, south Asia…

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics and infectious diseases have unsurprisingly jumped above climate change and cyber risk to become the number risks during the next five to ten years, in AXA’s 2020 Future Risks Report and survey. The report is based on a global poll of more than 2,600 experts from the world of risk management and insurance. In addition, just short of 19,000…

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Political risks increased in every country across the world during the first half of 2020 as the Covid-19 pandemic accelerated social unrest and economic fallout, according to Marsh JLT Specialty. Publishing a mid-year update to its Political Risk Map, Marsh JLT said all 197 countries it tracks recorded higher risk scores by the end of July than the beginning of…

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists, finds Aon’s latest terrorism and political violence risk map. The map, produced in partnership with Risk Advisory, also shows that the risk of civil commotion is on the rise in advanced economies and is being exacerbated by Covid-19. Aon’s overall…

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft

Some 37 countries are at risk of major civil unrest before the end of 2020 as the economic fallout from Covid-19 spikes, with emerging markets most under threat, according to analysis from Verisk Maplecroft. Protests are set to swell as unemployment rates climb and the pandemic sends economies into reverse, inflaming existing public anger with governments, said the firm. It…

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