Terrorism
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IFTRIP conference highlights ILS interest in terrorism (re)insurance
There is growing insurance-linked securities (ILS) interest in terrorism (re)insurance, according to speakers at the annual International Forum of Terrorism…
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New international cyber terrorism task force formed
The Geneva Association (GA) and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) have formed a joint taskforce on…
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Lloyd’s launches parametric hotel profit cover from new innovation unit
Lloyd’s is to offer hotels a profit protection policy that uses parametric triggers to indemnify buyers hit by unexpected events…
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Congress urged to pass long-term reauthorisation of TRIA
A group of US re/insurers, business organisations and insurance associations have written to Congress, urging it to work swiftly to…
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Crisis incidents costs UK SMEs £8.8bn last year: Gallagher
Crisis incidents cost UK SMEs £8.8bn last year, according to research by Gallagher, with about one quarter of firms polled…
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AXA XL working to tackle non-affirmative cyber cover in suite of products
AXA XL is reviewing its policies to tackle non-affirmative, also known as silent, cyber cover wherever possible, the insurer told…
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Hormuz crisis means Indian importers face huge hike in marine cargo premiums
Indian companies that import crude oil, petroleum products, chemicals and fertilisers from the Arabian Gulf and through the Strait of…
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ILS market could be ‘critical enabler’ for emerging risks, claims Singapore regulator
The insurance-linked securities (ILS) market is willing and able to pick up significant gaps in cyber and terrorism cover as…
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Pool Re covers non-damage BI extension with £40m retro deal
UK terrorism reinsurer Pool Re has placed a £40m retrocession programme to cover non-damage business interruption (BI) losses for its…
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Business risks rocked by political uncertainty: PwC CEO survey
Government-related threats, led by overregulation, are dominating the top ten risk list for CEOs, with policy uncertainty and trade conflicts…
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BIBA’s new head of general insurance on state of market, terrorism and Brexit
Last month, the British Insurance Brokers’ Association (BIBA) appointed Alastair Blundell, formerly head of distribution at Tokio Marine Kiln, to…
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New terrorism and sabotage offering from Ensurance UK
Specialist MGA and Lloyd’s coverholder Ensurance UK has launched a new terrorism and sabotage offering. The new product offers full…
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Pool Re and BIBA launch terrorism insurance guide for brokers and SMEs
The British Insurance Brokers’ Association (BIBA) and Pool Re have collaborated with a number of government departments and other industry…
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Pool Re could extend cyber cover, says its CUO
The UK’s terrorism reinsurer Pool Re could extend its cyber offering if the need arises, its chief underwriting officer Steve…
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Pool Re moves into terrorism risk management
The dynamic nature of terrorism risk will see Pool Re work closer with UK companies and provide more risk management…
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Business feels impact of terrorism, with far-right on the rise
New research from Aon finds that 16% of terrorist attacks last year targeted or directly impacted business, with far-right extremism…
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The changing terrorism threat and how it can be managed within global programmes
Companies are acutely aware that they face terrorism risk both at home and overseas. The nature of this threat is…
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Pool Re calls for proactive approach to terrorism risk
Pool Re has called on companies to take a “proactive” approach to terrorism risk management, as it releases its latest…
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UK Government, police and Pool Re launch counterterrorism platform for business
Pool Re has invested £10m in a joint project with the UK’s Home Office and National Counter-Terrorism Policing to make…
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Chubb moves terrorism models forward with Impact Forecasting initiative
Chubb has partnered with Aon’s Impact Forecasting to develop a new terrorism risk model for New York’s Manhattan district, which…