Terrorism
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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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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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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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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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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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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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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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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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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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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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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…