Political risks
Aon highlights increased European terrorism threat
Aon has identified nine developed economies as being at an increased risk of terrorism, including seven from Europe.
Aviva silent on exposure to French arbitrage life insurance contracts
Aviva failed to disclose the extent of its potential exposure to fixed-price arbitrage life insurance contracts despite intense questioning at its annual general meeting yesterday (29 April).
BPL's Palmer returns to London
The Monetary Authority of Singapore has approved the appointment of Peter Gilbert as Singapore CEO of credit and political risk broker Berry Palmer & Lyle.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
Zurich CRO calls on regulators to boost innovation
Financial regulators need to encourage innovation, rather than stifle it, in order for companies to respond to high-level global risks, according to Zurich's chief risk officer.
Climate: How does climate change cause food insecurity and conflict?
As weather patterns change and temperatures rise, issues such as climate-induced food insecurity are destined to become an increasingly important driver of conflict and social unrest
Russia deemed a 'grave source' of political risk uncertainty for 2015
Risk analyst Verisk Maplecroft has flagged Russia as a "grave source" of political risk uncertainty for 2015 with a high risk the Russian government will attempt to maintain its authority through external conflicts.
Europe: Ukraine - a wait and see game
Will the recent and ongoing turmoil in Ukraine and the exit of Russian insurers from the region mean new opportunities for Western insurers?
Bridge Insurance Brokers launches bespoke programme for mine clearance firms
Bridge Insurance Brokers has launched a division to deliver bespoke insurance programmes to organisations involved in mine removal and post conflict security.
RFIB appoints MacFarlane as MD for international non-marine
RFIB Group has appointed Richard Macfarlane as managing director of its international non-marine business.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
UK ranks 20th in global survey on supply chain resilience
The UK has been ranked 20th in FM Global's 2014 survey grading countries on their resilience to supply chain disruption.
JLT creates Hong Kong political and credit risk team
JLT has created a credit, political and security risks team in Hong Kong by hiring Edmond Yun as divisional director, and employing Stephen Chan and Koh Wei Jun as account managers.
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
XL partners with risk specialists on K&R offering
XL Group’s crisis management team now offers cover for kidnap and ransom risks partnering with risk consultancy Terra Firma Risk Management.
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.