All political violence articles
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NewsThe 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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NewsPV 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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NewsPool 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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News‘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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NewsBroker 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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NewsRising 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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NewsMGA 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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NewsInsurers 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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NewsFrench 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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NewsLatin 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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NewsPolitical 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.
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NewsOptio Re MENA commences trading
The specialty MGA is now open for business in MENA through its Dubai-based operation
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NewsSCOR appoints David Guest as head of Crisis Management
Guest was most recently Global Specialty regional leader, APAC & Middle East at AXA XL
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NewsLloyd’s receives approval for standalone cyber syndicate
Chief of markets Tiernan confirms initial approval as market seeks ’sensible growth in a pragmatic way’
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NewsTipping towards disaster
In this ever-more destabilised world, the post-Cold War rules no longer apply, explains Dragonfly’s Henry Wilkinson
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NewsGallagher buys crisis and risk management consultancy
AnotherDay provides crisis expertise across political risk/political violence, D&O and criminality, and cyber
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NewsAxa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
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NewsRokstone launches $255m US terrorism facility
Arif Rahman leaves Fidelis to lead the Binder and head up terrorism at Rokstone
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NewsRenewables face billions of dollars in Ukraine losses - PCS
Conflict in Ukraine has potential to become an ’industry-defining event’ for the global renewables re/insurance sector
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NewsSri Lanka riot losses to hit excess layers
Widespread riots broke out in Sri Lanka following an attack on anti-government protests in Colombo on 9 May
