Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists, finds Aon’s latest terrorism and political violence risk map. The map, produced in partnership with Risk Advisory, also shows that the risk of civil commotion is on the rise in advanced economies and is being exacerbated by Covid-19. Aon’s overall…

Optio expands political violence and terror offering through Newbridge acquisition

Optio expands political violence and terror offering through Newbridge acquisition

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 of 2018, has announced the acquisition of specialist political violence and terrorism MGA Newbridge Risk Partners for an undisclosed sum. Newbridge was formed in 2015 on the Castel platform, the specialist operation formed by London market underwriting group Barbican in…

Aon, Chubb and Lloyd’s team up for $500m global terrorism policy

Aon, Chubb and Lloyd’s team up for $500m global terrorism policy

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 companies said the new Platinum policy offers buyers “unprecedented” limits of up to $500m per policy on standalone terrorism coverage. Insureds can also add liability, non-damage business interruption and cyber cover. Aon said the policy will provide globally-admitted cover using…

Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Political violence risk has increased worldwide for the third year in a row, while broader political risk is also up, according to analysis by Aon. The broker’s newly released 2018 political risk, terrorism and political violence risk maps also suggest that the global threat posed by Islamic State (IS) has peaked, with its reach likely to fall in 2018. Political…

Terrorism and political violence at four year high warns Aon

Terrorism and political violence at four year high warns Aon

Terrorism and political violence at four year high warns Aon

Worldwide terrorism and political violence is at its highest level since 2013 as global terror attacks increased 14% last year, including a 174% rise in western countries, according to Aon. However, Aon’s newly released 2017 risk maps for political risk, terrorism and political violence paint a slightly more positive picture when it comes to political risk. For the first time…

Coface sees global business confidence growing but political risk widespread

Coface sees global business confidence growing but political risk widespread

Coface sees global business confidence growing but political risk widespread

Despite persistent political risk, business confidence is reported to be growing in the advanced economies, and financial markets are buoyant. This, combined with economic recovery in the emerging countries, has led Coface to upgrade its global growth forecast to +2.8% and that of global trade to +2.4%. Coface said the rise in business confidence is perceptible but is not yet…

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

A planned attack against Ethiopia’s Grand Renaissance Dam (GRD) hydroelectric project was thwarted by security forces on 1 March, according to an Ethiopia government spokesperson. Jordan Anderson, country risk analyst, IHS Markit, said: “The militants allegedly belonged to the Benishangul People’s Liberation Movement (BPLM) and were intercepted by security forces near the town of Asosa, the capital of Ethiopia’s Benishangul-Gumuz…

Risk management key as 2017 to be difficult year for strategic planning

Risk management key as 2017 to be difficult year for strategic planning

Risk management key as 2017 to be difficult year for strategic planning

This year will be one of the most difficult for businesses’ strategic decision making since the end of the Cold War, according to Richard Fenning, CEO of Control Risks. Launching its annual RiskMap, he said: “The unexpected US election and Brexit referendum results, which caught the world by surprise, have tipped the balance to make 2017 one of the most…