Terrorism
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Pool Re secures £2.3bn terrorism retrocession cover
Munich Re has led the placement of £2.3bn retrocession cover for UK terrorism reinsurer Pool Re. The programme, spread across…
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Hong Kong’s Jing An to offer cyber and terrorism cover in Philippines
Jing An Special Risks (JASR), a Hong Kong-based specialty insurer, has been awarded a licence by the Philippines Insurance Commission…
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Pool Re places world’s first terrorism cat bond
The UK’s state-backed terrorism reinsurer Pool Re has placed the world’s first-ever terrorism cat bond. It provides £75m of retrocession…
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UK grants Pool Re extension to cover non-damage BI terrorism
UK terrorism mutual Pool Re has been granted legal approval to cover non-damage business interruption (BI) caused by a terrorist…
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Pool Re set for groundbreaking terrorism cat bond
UK state-backed terrorism reinsurer Pool Re is on the cusp of sponsoring the first terrorism cat bond, according to media…
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Pool Re returns terrorism contingency cover to commercial market
The UK’s state-backed terrorism reinsurer Pool Re will cease writing contingency cover at the end of this quarter, because the…
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BHSI exits Hong Kong EC terrorism pool
Berkshire Hathaway Specialty Insurance (BHSI) has announced its withdrawal from the Hong Kong Government’s employee compensation (EC) terrorism pool, in…
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Chubb launches multinational terrorism risk evaluation service
A new terrorism risk evaluation service aimed at multinational companies and large middle-market businesses has been launched by Chubb. The…
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EC launches action over terrorism directive
Some 16 EC member states have been issued formal notices for failing to implement new anti-terrorism laws in their country
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Cyberattacks biggest business risk across east Asia and the Pacific
The risk of a cyberattack is the biggest concern among business leaders in east Asia and the Pacific, according to…
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North American liability rates to harden further in surprise turn of market: Willis
Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according…
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Asia-Pacific sees rise in political risk
Social fragilities and a proliferation of autocratic governance in Asia have led to a rise in political risk that could…
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Insureds’ direct access to capital market will continue to rise, says expert
Corporate risk is increasingly being transferred directly to the capital markets, with the trend set to accelerate and deliver yet…
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Threat of more lone-wolf terror attacks added to RMS models
An updated terror model has been developed by RMS to include new and increasing threats, such as lone-wolf terrorist attacks.…
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Aon, Chubb and Lloyd’s team up for $500m global terrorism policy
Aon, Chubb and Lloyd’s have collaborated to bring a new terrorism and political violence insurance product to multinational buyers. The…
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XL Catlin looks to plug motor terror gap
XL Catlin has launched a global terrorism product for commercial motor fleet operators, helping plug a gap that currently exists…
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MGA EPUL launches Pool Re alternative for terrorism risks
Commercial property MGA European Property Underwriting Ltd (EPUL) has launched terrorism insurance for UK businesses as an alternative to protection…
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World Cup cover runs to billions of dollars
There will be more than $2bn of event cancellation insurance in place to cover risks at the 2018 Fifa World…
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Pool Re hails ‘landmark’ government move to extend terror coverage to non-damage BI
Pool Re has welcomed a move this week by the UK Government to begin law changes that would allow the…
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MI5 chief warns of IS attacks in Europe
Islamic State is proactively looking for further targets in Europe, head of UK security service MI5 Andrew Parker told a…