Geopolitical
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Risk management overload a top business risk in 2024, warns Control Risks
The never-ending spate of polycrisis and global tensions means that risk management overload has become one of the top five…
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Middle East conflict threatens supply chains and shipping
Companies need to double down on political risk in their supply chains as conflict in the Middle East threatens to…
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Aeroflot and BOC Aviation agree insurance deal over stranded aircraft
Russian airline Aeroflot has reportedly agreed a settlement with Singapore-based leasing company BOC Aviation that will see nine aircraft handed…
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UK and EBRD agree war risk insurance scheme to support Ukraine rebuild
The UK has signed a Statement of Intent on a European Bank of Reconstruction and Development (EBRD) war risk insurance…
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Fears over ability to deal with emerging risks as AI shoots up AXA ranking
Risks from artificial intelligence (AI) and big data have shot up the ranking in AXA’s latest Future Risks Report to…
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Gard partners with DNK for war risk support
P&I insurer Gard has launched a war risk service for clients with specialist war risk insurer the Norwegian Shipowners’ Mutual…
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Israel will compensate ships for war damage
The Israeli government said it will compensate shipowners for any damage incurred as a result of the war with Hamas.…
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War risks no longer covered in Lebanon as Hamas-Israel war spills over
War risks are no longer covered by new insurance policies following the outbreak of conflict between Hamas and Israel as…
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Coface throws doubt on soft landing
French credit insurer Coface has warned that rising insolvencies, the pressure of interest rates and cashflow problems among most sectors…
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Ukraine launches platform to measure war risks and help reconstruction
Ukraine has launched a data platform with the help of Marsh to allow insurers, investors and governments to analyse war…
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Gallagher Re launches global political risk team with new hires
Broker Gallagher Re has appointed Jonathan Allard as managing director to head its new global credit and political risk team…
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French companies investing in Ukraine will be covered for war risks
France has agreed to insure companies investing in Ukraine’s reconstruction through state-owned insurer Bpifrance Assurance Export, according to a statement…
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Inflation drives rise in political violence in Latin America, warns Chaucer
Protests and riots in Latin America recorded a 6% uptick in 2022/2023 to 5,575 events, according to global specialty insurer…
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Evolving modern slavery risk poses mounting supply chain challenges
Modern slavery and human trafficking is on the rise and evolving, creating new and challenging supply chain risks, according to…
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Cyber, human capital and macroeconomics top risk list for European auditors
Cyber, human capital and macroeconomic uncertainty are the three biggest risks contributing to a polycrisis for businesses in Europe, according…
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Verisk develops predictive model for civil unrest
Verisk Inc said its risk intelligence business, Verisk Maplecroft, has developed a predictive model for the strike, riots and civil…
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Fiedler calls for withdrawal of blanket exclusions to back Ukraine reconstruction
German risk and insurance managers have called on the insurance and reinsurance market, potentially with state support, to reconsider its…
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Geopolitics, cyber, nat cats and battle for talent big risks for Belgian firms
Geopolitics, cyber and natural catastrophes are among the biggest risks facing Belgian companies, agreed some of the country’s leading risk…
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Ukraine and insurers reportedly in talks over new export scheme
Ukraine is in discussions with international insurers to put in place a new scheme to cover grain shipments from Black…
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Black Sea war insurance impacted by instability
The availability of war insurance to shipping firms operating out of the Black Sea will be impacted by further instability…