Terrorism
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International SOS warns political risk will continue in Pakistan through 2023
Businesses with people and operations in Pakistan have been warned of further security and civil unrest for months following the…
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Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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Insureds must tread carefully to get most from stand-alone terrorism coverage
Policyholders that have had terrorism written out of their all-risk property policies can write it back in using stand-alone coverage…
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Pool Re welcomes enhanced terror protection under Martyn’s Law
UK terrorism insurer Pool Re has welcomed the government’s announcement that its draft Terrorism (Protection of Premises) Bill has been…
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Green shoots in PVT market as carriers battle with Ukraine losses
The political violence and terrorism (PVT) market remains tough for buyers following the war in Ukraine, but it is not…
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Political violence and terrorism market set to meet rising demand
Two leading London underwriters in the political violence and terrorism (PVT) insurance market say that the specialty line is coming…
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Risk managers face capacity crunch in political violence and SRCC markets
Grievances tied to inequality, the cost-of-living crisis and broader disenfranchisement, combined with the lasting economic effects of Covid-19 and Russia’s…
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London Market looks to sustainable energy for growth
London Market insurers see sustainable energy as the class of business with the most potential for significant growth, while political…
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New UK head of political violence and terrorism at Optio Group
Tom Kennett has been appointed as UK head of political violence and terrorism (PVT) at Optio. He will be based…
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New head of crisis management and head of war and terrorism at Aon
Aon has strengthened its political violence and terrorism team with the appointment of Tony Day as head of crisis management…
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Africa Specialty Risks gains coverholder status at Lloyd’s
Africa Specialty Risks (ASR) has been approved as a coverholder at Lloyd’s. ASR said it will now be able to…
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Strikes, riots and civil commotion exclusions set to widen
A tightening of terms and conditions in the reinsurance market is set to make things tricky for primary buyers during…
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Political violence insurance buyers urged to fight for well-defined perils
After being shunned by property insurers, terrorism and political violence covers have been embraced by specialty underwriters to the extent…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…
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Pool Re welcomes UK government plans for anti-terror security law in 2023
UK terrorism reinsurer Pool Re said it will help businesses prepare for the introduction of new legislation under the Protect…
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UK commits to anti-terror security law for public places
New anti-terrorist legislation that will require venues and local authorities to assess and mitigate terrorism risk will be published by…
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AM Best revises French cat reinsurer outlook to negative
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial…
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Risk management and insurer groups urge US cyber backstop
A potential federal backstop for commercial cyber insurance markets in the wake of a catastrophic cyber event has drawn support…
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US market shows ‘demonstrable improvement’ going into 2023: WTW
A brighter picture for risk and insurance managers in the US has appeared in the second half of 2022, according…
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GVNW welcomes Extremus extension but calls for broader solution for systemic risks
The German risk and insurance management association, the GVNW, has welcomed the news that the government will extend the state-backed…