Terrorism
-
Spanish risk managers say pandemic is boosting market hardening
The Covid-19 pandemic is strengthening the hardening insurance market trend, moving underwriters to further restrict capacities and demand rate increases…
-
Pool Re is proven model but not only option for pandemic insurance solution: Enoizi
Pool Re chief executive Julian Enoizi welcomed the recent debate on future pandemic risk financing in partnership between government, the…
-
Pool Re increases retro cover to £2.4bn
UK terrorism reinsurer Pool Re has completed a £2.4bn retrocession programme, with 50 global reinsurers led by Munich Re and…
-
Pool Re given until 2021 to determine future status after ONS ruling
UK terrorism reinsurer Pool Re could become a government department following an assessment by the Office for National Statistics (ONS)…
-
TMK boost special risks team
Tokio Marine Kiln (TMK) has appointed Charlotte Pritchard as an underwriter within its special risks team. Ms Pritchard joins TMK…
-
Chubb launches non-damage terrorism cover
Chubb has launched a non-damage terrorism cover that it says will bridge gaps in traditional terrorism business interruption insurance. Chubb…
-
Pool Re appoints head of risk management for new unit
UK terrorism reinsurer Pool Re has appointed Chris Medhurst-Cocksworth as head of risk management for its new risk management services…
-
Iran conflict fears ease but foreign firms advised to prepare for the worst
Foreign companies are being advised to prepare for ongoing volatility in the Middle East, but the risk of a wider…
-
Risk managers with operations in the Middle East must brace for rising premiums as tensions boil over, says DWF
The Middle East crisis will see premiums rise exponentially in marine and other lines for companies operating in the region,…
-
Neon to enter Lloyd’s run-off in 2020
Lloyd’s managing agency Neon Underwriting is being placed into run-off by its US owner American Financial Group (AFG). AFG said…
-
Pool Re implements changes to reduce terrorism insurance costs
UK terrorism reinsurer Pool Re has modified its pricing structure to reduce costs for UK businesses buying terrorism insurance. It…
-
New head of terrorism underwriting in North America for Liberty Specialty Markets
Liberty Specialty Markets has appointed Jennifer Rubin to a newly created role as senior underwriting executive and head of terrorism…
-
Optio expands political violence and terror offering through Newbridge acquisition
Optio, the London-based MGA formed though the merger of Ascent Underwriting, Cove Programs and broker Bay Risk Services in September…
-
Pool Re gives detail on new terror risk management services
Pool Re, the UK’s government-backed terrorism reinsurer, has fleshed out the details of its newly launched division that offers insurers,…
-
Liberty Specialty Markets promises to be stable option for European buyers as market changes
Liberty Specialty Markets (LSM) will continue its push into Europe and be a stable partner for risk managers through changing…
-
Terror threat sees spike in right-wing attacks
More than a third of terrorist attacks (36%) in advanced markets were perpetrated by right-wing terrorists last year and have…
-
Insurance buyers with US risks face ‘biggest upward price shift’ in years: WTW
Insurance buyers with US risks face the “biggest upward price shift” for years during 2020, with increases across more lines…
-
Pool Re launches new terrorism risk management unit
The UK’s government-backed terrorism reinsurer Pool Re has launched a specialist division to house its risk management and risk modelling…
-
Politically motivated cyberattacks most severe geopolitical risk, survey finds
Politically motivated cyberattacks cause the most severe disruptions of all geopolitical risks for organisations across the world, according to survey…
-
US House Financial Services Committee passes TRIA reauthorisation
The US House Financial Services Committee has passed H.R. 4634, the Terrorism Risk Insurance Program Reauthorization Act (TRIA) of 2019.…