All political violence articles
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Arch names Ouwehand as new head of terrorism, political violence and war
Jelle Ouwehand promoted to lead London-based team after several years as a senior underwriter and before that as a broker at Marsh.
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Pool Re appoints Stark as head of underwriting
Andrew Stark starts a newly created role at the UK’s terrorism reinsurance public-private partnership.
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Risk of US civil unrest highest level since BLM – Verisk Maplecroft
Verisk warned conditions are “on a par” with those just before the BLM protests and riots following the death of George Floyd in US police custody, which cost approximately $3bn in insured losses in 2020.
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WPVT Rising: Q&A with Guy Carpenter’s Powell
War, political violence and terrorism questions answered by Jonathan Powell, managing director, non-marine specialty, Guy Carpenter.
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DWIC Roundtable: The explosion of PV
Demand for political violence (PV) protection has risen across MENA markets, driven by geopolitical volatility, as well as growing client awareness about this nascent product. A roundtable on day two took a deep dive into an evolving market.
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Harnessing California Workplace Violence law to tame, not inflame, social inflation
The California legislation sets a powerful new standard for workplace violence prevention, and with social inflation a concern among P&C insurers the industry is now standing at a crossroads, writes Yoni Sherizen, CEO and co-founder, Gabriel Protects.
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Specialist Risk Group acquires PV MGA Tristar
Terrorism and political violence focused MGA Tristar Special Risks has been bought by Specialist Risk Group.
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“Grey zone” losses prompt action – WTW geopolitics report
Some 47% of firms have experienced a political risk loss in excess of $50m, broker WTW warned, and 96% said they have invested in political risk management capabilities.
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Evolin launches terrorism broking facility with Chaucer
Broker facility, led by Chaucer, has a $500m limit per policy for terrorism plus optional coverages.
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The new PV reinsurance market hub in Dubai
There are at least ten active carriers or MGAs of political violence re/insurance operating from the Dubai International Financial Centre, one senior Dubai-based underwriter says.
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PV fears on the rise globally – Allianz Commercial
Some $13bn in economic and insured losses came from just seven civil unrest incidents in recent years, according to a report by Allianz Commercial on political violence and civil unrest.
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Pool Re members, UK Treasury give backing to modernised treaty model
A shift from a facultative to a treaty model for the UK’s government-backed terrorism reinsurer, gets the go-ahead, to take effect from April 2025.
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‘Holiday from history’ is over – Howden geopolitical risk report
A record number of elections in 2024, amid escalating geopolitical risks, underscore the value of political violence and political risk insurance, Howden emphasised.
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Broker CHC Global gains Lloyd’s broking licence
CHC Global hits major milestones to become a Lloyd’s Broker and directly regulated by the FCA.
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Rising political risk for emerging market manufacturing hubs - Verisk Maplecroft
Heightened political risks are overshadowing a ‘friendshoring’ shift, according to report data from Verisk Maplecroft.
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MGA Optio adds political violence, terrorism capacity
Specialty MGA has partnered with a US carrier to deploy fresh political violence capacity, reflecting greater appetite for the standalone insurance business, as buyers seek protection from terrorism and civil unrest risks, and reinsurers eye recent SRCC losses with concern for 1/1.
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Insurers should brace for more civil unrest, warns new predictive SRCC model
Political violence risks have worsened globally since 2021, and 85% of US cities face high SRCC risks in next 12 months, writes Torbjorn Soltvedt, principal analyst at risk intelligence company Verisk Maplecroft.
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French riots cost insurers €650m in claims – France Assureurs
Civil unrest in Paris and across France resulted in 11,300 claims, with commercial property accounting for 55% of the claims cost, according to a French insurance industry group.
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Latin America, political protests and global reinsurers
By Leonardo Garzon, managing director, Latin America and Joe Jarvis, regional senior adjuster, at claims services provider McLarens.
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Political violence hotspots are matching nat cat losses – Howden Tiger
A political violence report from Howden Tiger warns that insured losses from strikes, riots and civil commotion in certain hot spot territories now comparable to major natural disasters.