Geopolitical
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Two more oil tankers attacked in Red Sea
Two more cargo ships have been attacked by Houthi rebels while carrying millions of barrels of oil in the Red…
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Political violence a ‘real threat’ in US
Increased political violence in the US driven by hostility between rival politicians in the run-up to the presidential election is…
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AI and disruptive tech named as top emerging risk by risk managers
Artificial intelligence (AI) and other disruptive technologies have been identified as the top emerging risk by a survey of risk…
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Tokio Marine Kiln launches political risk cover for carbon credits projects
A new cover providing political risk insurance for developers of, and investors in, carbon credits projects, has been launched by…
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Volkswagen ordered to pay contractor $190m in damages after exiting Russia
A Russian court has ordered German car manufacturer Volkswagen to pay 16.9bn roubles ($190m) to its Russian contractor GAZ Group…
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AXA XL names three new CUOs
AXA XL has named chief underwriting officers (CUOs) for casualty, specialty and cyber coverages in the Americas, within its newly…
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Europe-Asia trade conflict needs to be tackled, says Belgian industry
As Europe becomes engulfed in divisive elections, the Belgian confederation of industry (VBO FEB) has warned that the continent is…
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Ex naval chief calls for more corporate resilience
“People should be worried.” So began the speech from retired commander of the Belgian Navy and former head of the…
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Belgium accuses Russian ships of spying on North Sea infrastructure
Almost 200 Russian civilian ships have been spying on North Sea infrastructure, according to Belgian intelligence services. The spying claims…
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MSIG hires former Vantage political risk execs in US
MSIG USA, a unit of Japanese insurer MS&AD Insurance Group, has hired former Vantage executives Dan Riordan, Richard Abizaid and…
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Ferma says lack of insurance cover ‘severely limiting’ EU’s ability to meet climate targets
Ferma has called on the EC to create a permanent risk management function or appoint an executive risk officer in…
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French insurers’ ratings hold up to electoral uncertainty: Fitch
French insurers’ financial ratings will withstand uncertainty created by the country’s snap parliamentary election, according to Fitch Ratings. “Most insurers…
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EU sanctions Russian ships in further crackdown
The EU has targeted its latest package of sanctions against Russia at named ships used to transport military equipment, grain…
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UK goods worth £3bn at risk from supply chain ‘havoc’ in Red Sea, warns Russell Group
Around £3bn of UK goods are at risk of being delayed over the coming months by ongoing supply chain disruption…
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Consilium enters credit and political risk market
Global specialty (re)insurance broker Consilium has entered the credit and political risk insurance market, promising to offer insurance buyers the…
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UK sanctions Russian insurer Ingosstrakh and four oil tankers
The UK has sanctioned Russian insurer Ingosstrakh, alongside designations of named cargo ships, as it seeks to disrupt Russia’s shadow…
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Aon reveals $350m war risk package for Ukraine
Aon has unveiled a $350m insurance programme to boost capacity for war risks in Ukraine, which the broker said will…
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Corporate risk at peak levels stymies decisions, survey finds
The majority (67%) of business leaders worldwide say the risk landscape has become “many times” more complex in just three…
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Cyberattack on NHS supplier ‘stark reminder’ of risk to UK’s critical infrastructure
The cyberattack on a third-party lab partnering two major London hospital trusts has brought into sharp focus that critical infrastructure…
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Civil unrest market faces big test, warns WTW
Civil unrest insurance cover will face a big test at some point in the future as riots and protests become…