All political violence articles
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Pool Re makes £100m third catastrophe bond placement
Great Britain’s terrorism reinsurance fund continues to explore insurance linked securities for its retro placements, this time to the tune of $100m, with the assistance of Aon and Howden.
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DWIC speaker preview: Crisis management lessons with WTW’s Thomson-Hall
At next month’s Dubai World Insurance Congress (DWIC) 2025 event in Dubai, speaker Pamela Thomson-Hall, CEO, international, WTW, will share insights on managing geopolitical risk crises.
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TMK appoints Wilson special risks leader
James Wilson joins from The Hartford where he was head of political risks, and head of credit and political risk.
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Chubb expands PVT with two underwriting appointments
Estefania López and Harry Bassett take new roles within the insurer’s London market political violence and terrorism (PVT) team.
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Threats to assets and people dominate crisis management landscape – WTW
Political repatriations, kidnap and malicious risk threats dominate the crisis management landscape, according to Willis.
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Aegis London launches $100m political violence consortium
New Lloyd’s consortium to pool focus on political violence and terrorism business, including war risk and civil unrest.
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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.