Political risks
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Interview: David Martin: The value of specialism
Having returned to broking, Willis UK retail head David Martin is rethinking the strategy of resource deployment and focusing more on specialisms.
Ace hires Willis’ Stuart Elliot to grow terrorism book
Ace Group has appointed Stuart Elliot as terrorism and political violence underwriter responsible for growing the its terrorism book.
BPL Global appoints ex-JLT director in Hong Kong
Ex-JLT divisional director Margaret Ho has joined political risk broker Berry Palmer and Lyle (BPL Global) as a senior broker at its Hong Kong office.
Insurers praise speed of London market response to Nairobi mall attack
The speed of the London market response to September’s Nairobi shopping mall siege demonstrates its authority in reacting to terrorist events, those involved in the response have told Post.
Beazley launches emergency evacuation product
Beazley has launched an emergency evacuation cover product to assist in the case of kidnappings, natural disasters and political risk.
IUA establishes Political Risk Committee
The International Underwriting Association has created a new London market Political Risk Committee comprising underwriting and claims representatives from across the association’s member companies.
Eamon Brown new Jubilee CUO
Eamon Brown has been appointed chief underwriting officer at specialist Lloyd’s insurer Jubilee.
Beazley appoints Michael Lum to Asia Pacific role
Beazley has internally filled its political risks and trade credit underwriter role, appointing Michael Lum.
Growing threat of Egyption violence after Badie arrest
The potential for Islamic radicalization has increased following the military deposition of former leader Mohammed Morsi, Willis has warned.
Turkey unrest may not be covered under terrorism policies warns Willis
The on-going unrest in Turkey is leading businesses to consider their insurance options, but selecting the right kind of cover is crucial, according to Andrew van den Born, executive director in Willis’ political and trade credit risks division.
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Anti-government protests continue in Turkey's major cities
Turkish protestors clashed with riot policies in the early hours of Monday morning, as the fiercest anti-government demonstrations in years entered their fourth day.
Britons warned against travel to Turkey
As Turkey is facing a wave of government protests, Britons have been warned against all but essential travel to some parts.
Aon France director joins Miller
Aon France has lost its head of political risks, Arnaud Froideval, to Miller where he has joined the marine team.
Miller adds French political risk specialist to marine team
Miller has added to its marine team with the hire of political risk production and broking specialist Arnaud Froideval.
The changing face of political risk cover
Traditionally political risk has been seen as an insurance product designed to protect businesses operating in the emerging markets and politically volatile areas of Asia, Africa and Latin America.
Civil unrest growing in Asia
Aon's 10th annual political and terrorism risk map shows an increase of protests and unrest in Asia.
Catlin reports 12% GWP hike in cat-free quarter
Catlin has reported a 12% increase in gross written premium to $1.84m in the first quarter of the year compared to the same period in 2012 (Q1 2012: $1.64m).
QBE to grow Singapore political violence book
QBE, the business insurance specialist, plans to further develop its book of political violence business written in South East Asia with a three year business plan for profitable growth.
View from the Top: Understanding risk is crucial
The volatile economy, supply chain interdependency and the voracious appetite of regulators and politicians mean today’s organisations face very different risks to their predecessors.
International motor policies should cover political violence says Clements
Car owners need to be alert to the threat political violence poses to their vehicles, according to Clements Worldwide.
Tripoli bomb exposes weak state security
The bombing of the French Embassy in the Libyan capital of Tripoli earlier today tells of the country’s faltering security, IHS said.