Terrorism
-
May 12, 2022
AGCS expects limited claims from Ukraine and off the hook for Russian aviation losses
Allianz Global Corporate & Specialty (AGCS) said it doesn’t expect a “major wave” of claims from the war in Ukraine,…
-
May 9, 2022
Risk managers set to enjoy lower costs as Pool Re cuts terrorism rates from October
UK terrorism backstop Pool Re has agreed new reductions of up to more than 30% in reinsurance prices that should…
-
April 22, 2022
Beazley’s poll finds low resilience to war risk
Business leaders and insurance buyers said their firms have low resilience to war and terror risks when surveyed before Russia’s…
-
April 21, 2022
Ericsson faces criminal investigation in Sweden over corruption case
Prosecutors in Sweden have launched a criminal investigation into corruption charges against telecoms giant Ericsson. The case centres on a…
-
April 14, 2022
WTW report highlights two-tier market for North American buyers
The good news is that the insurance industry is in a better position than ever, with policyholder surplus surpassing $1trn…
-
April 12, 2022
Ericsson sets aside €90m for suspension of Russian operations
Swedish telecoms giant Ericsson has announced an indefinite suspension of all of its activities in Russia and set aside SEK900m…
-
April 11, 2022
Taking cover as political violence escalates
Chris Parker, head of political violence and deadly weapon protection at specialty carrier Beazley, gives GRM his view on a…
-
April 7, 2022
EC bolsters defences against public health risks via strategic reserves
The European Commission (EC) has revealed that it is building up strategic reserves of response capacities through the EU Civil…
-
March 30, 2022
Occam completes acquisition of terrorism MGA Beech Underwriting
Specialist managing general agency (MGA) Occam Underwriting has completed its acquisition of terrorism MGA Beech Underwriting Agencies. Occam said it…
-
March 29, 2022
Ericsson counts the potential cost of Iraq corruption case
Executives at Swedish telecoms giant Ericsson may find themselves liable for a corruption case involving bribes to terrorist groups in…
-
March 22, 2022
GVNW calls for early extension of state support for terror pool EXTREMUS
Germany’s risk and insurance management association, the GVNW, has formally asked the country’s Ministry of Finance to announce a hoped-for…
-
March 21, 2022
Pool Re names Tom Clementi CEO
UK terrorism backstop and mutual Pool Re has named former MS Amlin Underwriting CEO Tom Clementi as its new chief…
-
March 21, 2022
Pool Re extended for five years with cost of cover down 20%
The UK government-backed terrorism backstop Pool Re has been extended for another five year and the scheme’s overall pricing has…
-
March 9, 2022
Investor appetite boosts Pool Re’s new ILS cat bond to £100m
UK terrorism backstop Pool Re has placed its second insurance-linked securities (ILS) cat bond, following the maturity of its first…
-
March 4, 2022
Pool Re increases retrocession programme to £2.5bn
Britain’s Pool Re has completed placement of its retrocession programme with more than 50 international reinsurers, providing £2.5bn of cover,…
-
February 28, 2022
Credit and political risk losses doubled in 2021, says WTW
Credit and political risk insurance (CPRI) losses continued to rise in 2021 to $118.5m, more than doubling from the previous…
-
February 24, 2022
Finland makes hacking complaint as EU prepares for cyberwarfare surge
Officials working for the Finnish foreign office have complained of being hacked while abroad, alleging that the attacks were likely…
-
February 15, 2022
Optio Group expands political violence and terrorism capacity
Specialty MGA Optio Group has tripled its line size for political violence and terrorism (PVT) single risks to $150m. It…
-
February 11, 2022
New global head of war and terrorism for Liberty Specialty Markets
Liberty Specialty Markets (LSM) has appointed Paul Beattie as global head of war and terrorism. According to LSM, Beattie takes…
-
January 20, 2022
Hostile and malicious risk insurance MGA Samphire Risk opens for business
Samphire Risk, a new MGA focused on hostile and malicious risk insurance, has received approval to begin trading. Samphire is…