Terrorism
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HWI launches new underwriting venture in Hong Kong
A new Hong Kong-based managing general agent (MGA) has been launched by independent insurer HWI International Group. NuVu Underwriting Hong…
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Aon’s 2018 maps show political violence and risk on the rise
Political violence risk has increased worldwide for the third year in a row, while broader political risk is also up,…
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Stable terror market may yet see rate increases: Marsh
The terrorism insurance market is likely to remain stable in 2018 but rates may yet increase as a result of…
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Airmic welcomes Pool Re terror coverage extension
UK risk management and broker associations have welcomed news that the country’s terrorism pool is to offer non-damage business interruption…
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Pool Re extends terrorism retro cover to cyber losses
UK terror reinsurer Pool Re has extended its retrocession programme to include cyberterrorism losses, in line with changes to its…
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Pool Re rolls out premium discount scheme for buyers
UK terrorism reinsurer Pool Re has launched a terrorism risk assessment tool for medium-sized and large businesses to measure their…
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Liberty Specialty Markets targets French unit for growth
Liberty Specialty Markets, part of Liberty Mutual, is set to expand its commercial insurance business in France through focused investment…
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Pool Re warns of changing terror threat
There were 226 global terrorist attacks in the last quarter of 2017, causing 2,248 deaths, according to a new quarterly…
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Airmic welcomes Pool Re’s cyber extension
Airmic has welcomed Pool Re’s move to extend terrorism cover to include damage and direct business interruption losses from cyber-driven…
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Pool Re extends coverage to cyber-driven terror attacks
The UK’s terrorism reinsurance scheme Pool Re has confirmed it will extend cover from April 2018, to include damage and…
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Liberty Specialty Markets expands war and terrorism team
Liberty Specialty Markets (LSM) has appointed Jennie Beard to the new role of senior underwriter for war and terrorism, following…
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Confidence down at UK multinationals as risk ‘blindspots’ surface
As UK multinationals report a marked drop in confidence levels in response to political and economic upheaval driven, in part,…
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New approach needed for growing political risk
Companies need to take a more structured approach to managing growing geopolitical and economic uncertainty, according to a panel debate…
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RIMS report outlines terrorism risk insurance options
A new report on terrorism insurance has been published by RIMS, entitled Terrorism Insurance: Understanding the Boundaries of Coverage for…
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Pool Re pushes for non-damage BI terror cover
Pool Re, the UK’s government-backed terrorism reinsurance fund, is “anxious” for the insurance market to respond to the changing terrorist…
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Pool Re to plug cyber risk and NDBI gaps
Pool Re has received agreement in principal from the UK government to extend its coverage to cyberterrorism. To date, coverage…
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UK terror threat level returns to ‘severe’ after Friday’s tube attack
The UK terror threat level has reverted to severe, after spending the weekend at critical following an attack on the…
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New covers emerging for changing terror threat but more work needed to develop market
The terrorism market is still geared towards catastrophic, physical damage covers that do not lend themselves to the changing terror…
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AGCS broadens terror policy coverage with bespoke extensions
Following recent terrorist events in Europe and Virginia, Allianz Global Corporate & Specialty (AGCS) has started offering bespoke coverage to…
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Towergate announces push into specialty lines with terror product
Towergate Underwriting has launched a new London business called Geo Specialty. The first market to go live is political violence,…