Terrorism
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war 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.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
African and Middle East terrorism on 12 month surge
Terrorist and insurgent attacks across Africa and the Middle East have rapidly increased in number over the last twelve months according to figures from IHS Jane’s terrorism and insurgency centre.
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.
Brazil and Russia face increasing terrorism risk
Aon’s 2014 Terrorism and Political Violence Map has highlighted increasing risk in Brazil and Russia as the countries prepare to stage major sporting events in the form of the FIFA World Cup and the Winter Olympics.
Risk managers complacent on cyber and terrorism risks
Risk managers may be seriously underrating major threats facing their businesses according to an Aon survey of captive directors.
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.
Eversheds' Jagger joins Pool Re as non-exec
Denise Jagger, a senior corporate finance lawyer and partner at Eversheds, has joined terrorism reinsurer Pool Re as a non-executive director.
Terrorism: Global threat
How has the insurance industry adapted to the steady rise in terrorism and civil unrest across the world in the past decade?
Aegis London boosts terrorism footprint with two hires
Aegis London has made two appointments to its terrorism and aviation war account with the aim of increasing its underwriting footprint in the market.
World Trade Center developer's suit against insurers is dismissed
A legal ruling has left real estate developer Larry Silverstein unable to recoup any of the $1.2bn (£746m) recovered by World Trade Center insurer QBE and three Lloyd’s syndicates.
Enoizi named chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Lack of clarity leads Beazley to extend political violence policy
Beazley’s political risks team is extending its political violence policy to offer cover for physical damage during terrorist or insurgency actions caused by the police or security forces.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Double compensation rule thwarts Silverstein's bid for WTC payout
World Trade Centre developer Larry Silverstein has failed in his bid to recover billions of dollars from the airlines whose planes were used in the 11 September 2001 terrorist attacks.
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.
Towers Watson appoints Frederik Koencke to head crisis management for EMEA
Frederik Koencke has been appointed as the first Towers Watson crisis management group managing director for the Europe, Middle East and Africa region.
Willis urges policyholders to keep terrorism cover up-to-date
James Hill, divisional director, financial solutions, Asia at Willis has warned the broker is still finding companies with out of date terrorism/sabotage policies.
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.
Insurance buyers warned of "lone wolf" attacks as terrorism threat changes
Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today, according to a new technical guide produced by Airmic, in collaboration with Willis.
Ex-army captain hired to write war, terrorism and political violence at XL
XL Group has appointed Daniel O’Connell to underwrite war, terrorism and political violence within the firm’s new crisis management team.
Civil unrest growing in Asia
Aon's 10th annual political and terrorism risk map shows an increase of protests and unrest in Asia.