This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
As Britain is basking in glorious summer, the sun is also shining on the motor insurance market.
In a world where political volatility is rife and where an individual’s net worth and lifestyle are discoverable through a Google search or Instagram feed, kidnap for ransom has never been easier or more lucrative. As the threat to clients increases, so…
As demand for kidnap and ransom insurance is rising in France, Tania Bensoussan-Arthur, underwriting manager – specialty, France at XL Catlin, explains why coverage needs to be tailored the buyer's needs.
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
The nature of their work means journalists and aid workers are often running into danger zones while others are looking to get out. Both professions have significant need for insurance but have sometimes struggled to obtain the cover they need at a price…
Thomas Miller, which manages the UK and TT Protection & Indemnity clubs, has launched a new group business, Thomas Miller Specialty.
Shelley Devane has joined XL Catlin to become its head of crisis management for Australia.
Niche marine broker addresses rising risks in South East Asia with enhanced piracy cover.
The House of Lords will be given the opportunity to debate the controversial new Counter-Terrorism and Security Bill, which includes a ban on insurers covering ransom payments.
Home secretary Theresa May cited UN estimates that ransom payments raised up to £28m for militant group the Islamic State of Iraq and the Levant in the past 12 months as she yesterday announced intentions to ban ransom insurance payments.
A legislation change that will prevent insurers from making ransom payments to terrorist groups is expected to be announced today.
XL Group has transferred kidnap and ransom underwriter Alex Smith to Hong Kong to establish a kidnap and ransom capability in Asia.
European businesses need to ensure they are covering their employees against kidnapping, a growing phenomenon on the Continent
XL Group’s crisis management team now offers cover for kidnap and ransom risks partnering with risk consultancy Terra Firma Risk Management.
With criminals devising ever more sophisticated ways to extort money from victims, kidnap and ransom insurance is continually having to adapt.
High net worth broker Markham Private Clients has appointed a European Parliament and United Nations risk specialist to head up a new kidnap and ransom facility underwritten by AIG.
With a more stable Somalia and improved maritime security, will the downward trend in piracy attacks continue, or will incidents in East African and South-East Asian waters ensure rough seas in future?
How has the insurance industry adapted to the steady rise in terrorism and civil unrest across the world in the past decade?
Beazley has launched an emergency evacuation cover product to assist in the case of kidnappings, natural disasters and political risk.
Frederik Koencke has been appointed as the first Towers Watson crisis management group managing director for the Europe, Middle East and Africa region.
Will the Oscar winning film Argo raise awareness of evacuation and repatriation cover? Lee Niblett explains.
With instances of kidnapping for ransom on the rise in certain parts of the world, it’s more important than ever for firms to ensure they have adequate cover.