Terrorism
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December 19, 2022
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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December 15, 2022
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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December 6, 2022
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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December 5, 2022
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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November 10, 2022
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…
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October 25, 2022
Amrae warns of further market hardening as reinsurance pressure mounts
French insurance buyers will face renewed pressure at coming renewals across many lines in the form of higher rates, lower…
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October 20, 2022
SCOR appoints Guest as head of crisis management
SCOR has announced the appointment of David Guest as head of crisis management for SCOR UK and its Lloyd’s syndicate.…
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October 10, 2022
Political violence and terrorism market hardens as risk deteriorates
Rates are going up for political violence and terrorism cover, and more restrictions are being imposed as the geopolitical landscape…
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September 6, 2022
MGA Optio adds active-assailant cover for hospitals to US PVT solution
Specialty MGA Optio Group has added active-assailant cover for hospitals and medical facilities to its political violence and terrorism (PVT)…
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August 17, 2022
Beazley’s Smart Tracker offers hope of a more efficient market
There has been much talk in recent times of how insurtech will revolutionise the insurance market by enabling more accurate…
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July 25, 2022
Insurance Europe defends exclusions in face of regulatory review
Insurance Europe, the representative body for the European insurance sector, has argued a robust defence of how and why exclusions…
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July 6, 2022
New $255m terrorism facility for US and Caribbean risks from Rokstone
Specialty managing general agent (MGA) Rokstone has launched a new terrorism facility for US and Caribbean risks, drawing on Lloyd’s…
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June 24, 2022
Pool Re to invest in terrorism risk management solutions
Pool Re is embarking on a new chapter that will see the UK’s state-backed terrorism reinsurer modernise its reinsurance offering,…
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June 10, 2022
Ericsson faces SEC investigation in US over 2019 Iraq bribery report
Swedish telco Ericsson is set to face further regulatory scrutiny over bribery allegations, following an announcement from the US Securities…
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June 8, 2022
UK buyers need to review terrorism liability limits ahead of new Protect Duty
UK companies may need to purchase higher terrorism liability limits following the proposed Protect Duty legislation that is set to…
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June 7, 2022
Pool Re to review terror definition as threat evolves
Pool Re is going to review the current definition of terrorism within its cover under a five-year plan recently agreed…
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May 31, 2022
Specialty lines rates to accelerate as reinsurers come unstuck from ‘bundled’ offers: Berenberg
Specialty insurance buyers are set to face accelerated rate rises in the second half of this year and January 2023…
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May 26, 2022
Businesses face widespread security risk in world’s biggest cities, Verisk index shows
Some 22% of the world’s largest cities are running high or extreme security threats to businesses, according to risk intelligence…
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May 25, 2022
Swedish thinktank warns of ‘critical’ risks from confluence of climate change and war
The world is in danger of stumbling into a risk management crisis because of the worrying increase in both armed…
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May 24, 2022
Rate increases slow in Q1 but reductions remain ‘rare’, says Aon
Global market price increases continued to slow in the first quarter of 2022, with all regions recording “modest” rises of…