Terrorism
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UK arenas face heightened terror threat, says Pool Re, as Martyn’s Law remains in draft form
It is “almost certain” that terrorists have the intent to conduct attacks against arenas across the UK due to their…
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US property market stabilises but concern over casualty loss trends
There has been a noticeable stabilisation in the US property marketplace during Q1 2024, according to WTW. Its Insurance Marketplace…
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New terrorism facility launched by Evolin Broking, backed by Chaucer
A new terrorism facility, underwritten at Lloyd’s, has been launched by London market wholesale broker Evolin Broking. The new facility,…
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Swedish risk managers discuss impact of Nato membership
Sweden officially became Nato’s newest member on 7 March 2024, ending more than two centuries of neutrality. “This is an…
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New Africa-focused syndicate launched at Lloyd’s
A new syndicate at Lloyd’s focused on underwriting business across Africa has been launched by Africa Specialty Risks (ASR). It…
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Markel names head of terrorism in London
Chloe Gordge has been appointed as Markel's new head of terrorism in London. Gordge will lead the day-to-day running of…
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Denmark intelligence service raises terrorism threat rating
Denmark’s national security and intelligence service (PET) has declared an increase in the threat of terrorism as a result of…
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Policyholders to benefit from Pool Re’s new treaty structure
UK policyholders, insurers and tax payers are expected to benefit from the shift of state-backed terror insurance facility Pool Re…
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Liberty Specialty Markets appoints head of war and terrorism, US and Latin America
Anabella Frontado has been appointed to the newly created role of head of war & terrorism, US and Latin America…
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London market may be moving into softer territory, says Miller
As capacity chases income, the London market may be at the top of the “slippery slope into softer market territory”,…
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UK government mulls reducing terrorism rules for small venues under Martyn’s Law
A new UK law that would impose terrorism risk management requirements for public venues and events is being reviewed in…
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Resilience to malicious risk a ‘complex task’, says CHC Global
The energy transition, technological competition and political polarisation are “disproportionately important” for malicious risks, according to strategic advisers CHC Global. Publishing…
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Israel-Gaza conflict triggers further event cancellation coverage restrictions
Following the attack on Israel by Hamas on 7 October and the subsequent war in Gaza, insurers are reviewing cancellation…
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Hiscox teams with Google Cloud for London market AI underwriting model
Hiscox has developed an AI lead underwriting model for its London market business, in collaboration with Google Cloud, that Hiscox…
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Africa Specialty Risks launches Lloyd’s syndicate
Africa Specialty Risks and Apollo Syndicate Management are set to launch a new syndicate at Lloyd’s in 2024 focused on…
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MGA Optio in deal with US insurer on capacity for PVT risks
Optio Group, the specialty MGA, has entered into an agreement with a new insurer partner to provide underwriting capacity for…
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Markel appoints war and terrorism senior underwriter
Tim Woodhouse has been appointed as senior underwriter at Markel within its war and terrorism team. The insurer said the…
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North American buyers face hardening rates into 2024: WTW
North American insurance buyers continue to see rate increases across most lines, albeit primarily in the single digits, while the…
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Sompo International appoints APAC head of crisis management
Pei Ru Chiew has joined Sompo International and will lead crisis management, commercial P&C insurance in Asia Pacific (APAC). She will…
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Pool Re renews reinsurance contract with Guy Carpenter
UK terrorism reinsurer Pool Re has renewed its reinsurance broking contract with Guy Carpenter as it prepares to undergo “the…