Terrorism
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Markel appoints head of terrorism for North America
Andrew Umphress has been appointed as the head of terrorism for North America at Markel. The insurer said the appointment…
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Pool Re treaty move could see terror reintegrated into property covers
UK companies are set to benefit from changes to Pool Re’s reinsurance scheme, which could see terrorism cover re-integrated back…
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French riots spark fresh concerns of systemic risk
Insurers and reinsurers are being forced to look again at the potential for civil unrest to become catastrophic and systemic…
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Insurers warned against a knee-jerk reaction to Martyn’s Law
UK insurance buyers should watch for terrorism liability coverage restrictions and potential capacity shortages following the introduction of Martyn’s Law,…
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Martyn’s Law to raise the bar for terror risk management
Experts have advised companies to re-assess their terrorism risk management capabilities following publication of draft terrorism legislation in the UK.…
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New terrorism, political violence and war underwriter at Arch Insurance International
Jalal Chtioui has been appointed by Arch Insurance International as senior underwriter, terrorism, political violence and war. He will focus…
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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…