All PVT articles
-
NewsPool 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.
-
NewsPool Re makes terrorism treaty transition, heralds innovation, resilience benefits
Tailored retentions can include CBRN threats, cyber physical damage, as well as conventional risks, under the new ‘bifurcated approach’ adopted by the UK’s Treasury-backed reinsurance pool for terrorism risk in mainland Great Britain.
-
NewsDWIC 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.
-
NewsTMK 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.
-
NewsChubb 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.
-
NewsPool Re launches SME market consultation to boost terrorism coverage
Great Britain’s terrorism risk re/insurance pool, backed by the Treasury, has launched a consultation focused on insuredness among small-to-medium-sized enterprises (SMEs).
-
NewsPool Re completes $3.5bn expanded retro placement
A new retrocession programme with more than 60 reinsurers, including Hannover Re and MGA Fidelis Partnership, provides £2.75bn of aggregate excess of loss cover, increased from £2.4bn of protection previously.
-
NewsThreats to assets and people dominate crisis management landscape – WTW
Political repatriations, kidnap and malicious risk threats dominate the crisis management landscape, according to Willis.
-
NewsAviva adds A&H and PVT as two new classes at Lloyd’s via Probitas
Political violence and terrorism and accident and health expansion underscores Aviva’s ambition to become “a leading dual-platform”, the UK-based group said.
-
NewsAegis 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.
-
NewsGallagher appoints crisis management, financial lines CEOs
Paul Bassett and Simon Brookes become CEOs of their product segments in a reshuffle at the intermediary’s Gallagher Specialty arm.
-
NewsChubb expands PVT with new Continental Europe, Middle East and North Africa team
New CEMENA team at the insurer is to be led by Becky Jarold, previously senior PV underwriter in Dubai.
-
NewsEditor’s opinion-analysis: PV’s soft market has dodged a bullet; what will 2025 bring?
A $41m High Court case points to PV’s soft market traits despite the volatile geopolitical landscape, writes David Benyon, editor of GR.
-
NewsWTW report warns of marine & offshore energy hybrid warfare targets
‘Gray zone’ attacks against ships, undersea cables, and offshore oil installations are a major risk in 2025, the broker has warned in a new political risk report.
-
NewsFrom Mariupol to Gaza – measuring political violence losses with Charles Taylor Adjusting
Loss adjustment from warzones is a service in high demand, given the geopolitical state of the world in 2024, and the rising prominence of war, political violence and terrorism business among London market re/insurers.
-
NewsRisk 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.
-
NewsIGI expanding specialty treaty arm amid reinsurance market opportunities – Jabsheh
The re/insurer’s treaty business has doubled in size, particularly in London market specialty, according to IGI’s president and CEO, speaking to GR at RVS 2024 in Monte Carlo.
-
NewsWPVT 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.
-
NewsDWIC 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.
-
NewsPool Re appoints Aon Securities and Howden Capital Markets as ILS advisors
The UK Treasury-backed terrorism reinsurance pool has previously used catastrophe bonds to source reinsurance protection.
