Geopolitical
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Beazley, Chaucer and Talbot form Singapore political risk consortium
Three insurers in the Lloyd’s market have joined forces to form a political risk consortium in Asia, offering large-scale capacity…
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Election fever growing in east Africa
Elections in Kenya and Rwanda are entrenching democracy, as Steve Mbogo reports Rwanda and Kenya will hold elections in August.…
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Confidence in investment into Africa remains high
FDI flows to Africa may be threatened by global economic uncertainty, but delegates at the fourth annual African Trade Insurance…
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Willis poaches Hiscox political risk veterans
Willis Towers Watson has recruited Claire Simpson and Victoria Padfield to its Political Risk and Trade Credit team in London…
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Piracy attacks increase in first quarter: IMB
Piracy increased during the first quarter of 2017 as hotspots continued off Nigeria and around the southern Philippines, according to…
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APAC companies top the charts for risk preparedness: Aon survey
Global companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
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Ivory Coast joins ATI member countries
Ivory Coast has joined the African Trade Insurance Agency (ATI) in a bid to reach emerging country status by 2020.…
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Coca-Cola sues Lloyd’s and Hannover Re for $1m over BI losses in Nepal
Drinks company Coca-Cola is demanding close to $1m in compensation from its insurers for unpaid business interruption (BI) losses incurred…
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Lloyd’s targets Asia for cyber insurance demand
Lloyd’s CEO Inga Beale anticipates a “massive increase” in cyber insurance business across Asia this year. Lloyd’s currently has a…
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Coface sees global business confidence growing but political risk widespread
Despite persistent political risk, business confidence is reported to be growing in the advanced economies, and financial markets are buoyant.…
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AXA CS UK launches credit and political risk partnership with Anvil
Anvil One Ltd, the credit and political risk MGA, has signed a partnership with AXA in London through AXA Corporate…
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Markel International to write trade credit business in Canada
Markel International is looking to develop its trade credit and political risk business in Canada after successfully developing the line…
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Oil price affecting political risk in key African states
Political events can have a significant influence on the price of oil, but the price of oil also has a…
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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…
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Crew released but Somali hijack concerns continue
On 16 March 2017, the crew of the MT ARIS 13, a tanker vessel, was released from Somali pirates after…
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Liberty International Underwriters adds GFR risk products in the US
Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has added global financial risk (GFR) coverage to its US product…
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Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk
A planned attack against Ethiopia's Grand Renaissance Dam (GRD) hydroelectric project was thwarted by security forces on 1 March, according…
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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…
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Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues
The Nigerian banking sector faces another difficult year in 2017, according to an S&P Global Ratings report, with 10 banks…
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Zambia remains on negative outlook, says S&P
Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign…