Terrorism
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Pool Re details key changes set for October
Pool Re has fleshed out its modernisation plans that will see specific rate discounts for higher deductibles and loss limits,…
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Corporate round-up
Swiss Re Corporate Solutions teams with IBM to boost cyber mitigation and transfer, Geyman appointed assistant VP, Onshore Construction at…
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Pool Re to reward risk management and retentions from October
Following government approval of plans to modernise UK terrorism reinsurer Pool Re last month, the facility is set to introduce…
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Pool Re secures £1.8bn reinsurance from Munich Re
The UK's state-backed terrorism facility Pool Re has purchased £1.8bn of reinsurance cover in the private market, led by Munich…
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Terror threat grows at home and abroad warns expert
The facilities of western companies in countries where fundamentalist groups are active are increasingly at risk of attack from radicals…
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TRIA renewal welcomed by all as stabilising influence
Buyers and insurers alike have welcomed the reauthorisation of the Terrorism Risk Insurance Act (TRIA) this week.
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Paris attacks could hinder developing insurance coverages warns AMRAE
The terrorist attacks in Paris last week could hold back innovative and new insurance solutions to protect against terrorism risks,…
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Europe faces heightened terror threat
Experts say that the fatal terrorist attacks in France last week highlight the resurgent Islamist terrorism threat in Europe as…
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Insurers welcome House of Representatives’ quick reauthorisation of TRIA
Leading insurance bodies are pleased that the US House of Representatives has acted quickly to reauthorise the Terrorism Risk Insurance…
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Buyers and insurers dismayed by TRIA expiration
Buyers and insurers are equally dismayed by the US Congress' failure to renew the Terrorism Risk Insurance Act (TRIA). They…
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Russia emerges as key risk for 2015
Political instability is expected to continue into 2015, with Russia and Nigeria among the countries to watch, as well as…
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Airmic says Pool Re changes good for buyers
Airmic has welcomed changes to terrorism reinsurer Pool Re that it believes will benefit risk managers despite the reported hike…
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UK government plans to ban insurance kidnap and ransom payments
The UK government has moved to ban the reimbursement of terrorist-related kidnap and ransom payments by insurers. The insurance industry…
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Marsh launches UK terrorism facility
Bowring Marsh, the dedicated specialist international placement broker for Marsh, has launched a UK terrorism insurance facility to offer insurance…
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Concessions welcomed by buyers as Pool Re votes in favour of new arrangements
Members of the UK terrorism reinsurer Pool Re have today voted in favour of a new retrocession arrangement following last…
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Companies could face higher terrorism insurance costs if Pool Re changes come to fruition
UK companies could have to pay more for their terrorism insurance if the government moves ahead with plans to increase…
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Militant Islam’s recent action signals increased threat of political violence in Middle East and beyond
The actions of militant Islamic fundamentalists in Syria and Iraq over recent months brings an increased threat of political violence…
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TRIA renewal moves closer following US Senate vote
The latest renewal of the US Terrorism Risk Insurance Act (TRIA) took another step forward last week as the Senate…
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Terrorist attacks down but fatalities 30% above yearly average finds Maplecroft
Global terrorism fatalities during the last 12 months were 30% above the five-year average with the risk of attack increasing…
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Risk industry welcomes TRIA bills, urges quick resolution
Insurance buyers and insurers have welcomed the US House of Representatives' approval of a proposed bill that would extend the…