Reinsurance News
political risk
Canopius recruits trade & political risk underwriter from Acappella
20th December 2019
Global specialty re/insurer Canopius has announced the appointment of Claire Kennett as Underwriter, Trade & Political risk. Kennett joins Canopius from Acappella Syndicate where she served most recently as Underwriter, Political Risk. Prior to this, she held roles at Aon Underwriting Managers and Liberty Specialty Markets. Taking up her new position on January ... Read the full article
Political risk levels and losses on the rise, shows WTW survey
9th December 2019
Political risk levels increased in 2019 when compared with the previous year, while the number of companies that have experienced political risk losses has also increased, according to a survey of 41 major corporations by insurance and reinsurance broker, Willis Towers Watson (WTW). The results of the survey show that 61% ... Read the full article
Optio enters political risk market, backed by Hiscox
20th November 2019
Optio Group, which is comprised of MGAs Ascent Underwriting, Cove Programs and broker Bay Risk Services, has announced the launch of a political political risk proposition for foreign direct investors (FDIs) in higher-risk markets. In addition to the standard political risk perils of expropriation, war and forced abandonment, Optio will provide ... Read the full article
Concerns about climate, cyber & political risks intensify: AXA survey
16th October 2019
Climate change, cybersecurity risks, and geopolitical instability are viewed as the three emerging risks most likely to have a significant impact in the near future, according to a new report from AXA. The report, which was based on the results of AXA’s 2019 Emerging Risks Survey, highlighted the “sheer number and ... Read the full article
Saudi oil attacks a concern for political risk insurers, says Gallagher’s Morgan
18th September 2019
The attacks launched against major Saudi Arabian oil facilities on Saturday will have a significant impact on the appetite and pricing of re/insurers with political risk (PRI) and political violence (PV) business, according to Rupert Morgan, Executive Director of Credit and Political Risks at Gallagher. The drone and cruise missile attack ... Read the full article
Brexit a “sideshow” to wider political crisis: Ascot’s Richard Dearlove
13th June 2019
The impact of Brexit on the London re/insurance market will be minimal, constituting only “a sideshow” to larger global political crises, according to Richard Dearlove, Non-executive Chairman of Ascot Underwriting. “The London insurance industry is a global industry, not a European industry, so the effect of Brexit will probably be very ... Read the full article
Willis Towers Watson launches $1bn political risk program
30th April 2019
Global insurance and reinsurance broker Willis Towers Watson has announced the launch of a unique political risk insurance program supported with over $1 billion of market capacity. The new program is targeted at large global clients who may have existing assets or are considering future investments overseas. It is supported by VAPOR ... Read the full article
Rising terror threat, populism, political tension a challenge for businesses: Aon
11th April 2019
Growing populism in some parts of the world, combined with increasing protectionist measures in others and rising political and trade tensions, are creating both challenges and opportunities for the risk transfer industry, according to Aon's 2019 Global Risk Maps. The insurance and reinsurance broker's 2019 Global Risk Maps, developed alongside Continuum Economics ... Read the full article
Neon leads London Political Risks Insurance Consortium
27th March 2019
Insurance and reinsurance specialist Neon has been revealed as the lead of the newly established London Political Risks Insurance Consortium, with MS Amlin being announced as a joint agreement party. The new initiative will be led by Nicholas Robinson, who was recently promoted to Head of Specialty at Neon, and is ... Read the full article
Growth in protectionism & geopolitical tensions to impact re/insurers: Marsh
28th February 2019
Rising geopolitical tensions and protectionist sentiments, in combination with ongoing trade disputes, and resulting in increased uncertainty and risk for multinationals such as re/insurers, according to Marsh, particularly for those with direct foreign investments. Marsh’s Political Risk Map 2019 rated more than 200 countries and territories on the basis of short ... Read the full article
Miller adds Laurence Guguen to Credit and Political Risks team
29th November 2018
Miller Insurance Services, the London wholesale and specialist insurance and reinsurance broker, has expanded its structured trade and commodity finance offering with the addition of Laurence Guguen to its Credit and Political Risks team. Guguen will work alongside Arnaud Froideval, Head of Miller’s CPRI European team, and the team in Paris ... Read the full article
Liberty Mutual partners with OPIC on $1bn investment program
14th November 2018
Liberty Mutual Insurance has partnered with the Overseas Private Investment Corporation (OPIC), the U.S government’s development finance institution, on the launch of a $1 billion risk-sharing agreement to facilitate private sector investment in developing markets. This partnership represents OPIC’s first agreement with a U.S owned insurance company to share credit risk ... Read the full article
Validus Specialty appoints Head of U.S Political Risk and Credit Insurance team
7th November 2018
Validus Specialty Underwriting Services has appointed Corina Monaghan to lead its U.S Political Risk and Credit Insurance team, based in New York. Monaghan joins Validus Specialty from JLT North America, where she most recently served as head of Political Risks, spearheading consulting and brokerage for crisis management. She brings expertise in political ... Read the full article
Liberty Mutual launches financial risk solutions unit
11th October 2018
U.S primary insurer Liberty Mutual has announced the launch of Financial Risk Solutions, a new unit formed of credit and political risk experts from Liberty Specialty Markets and Ironshore. The new unit, based in London, is led by Peter Sprent, Head of Financial Risk Solutions, LSM. “The creation of Financial Risk Solutions ... Read the full article
Markel makes new Trade Credit & Surety appointments
2nd October 2018
Markel International, the specialist insurer, has strengthened its Trade Credit, Political Risk & Surety (TCPRS) operations by expanding the role of Simon Philpin and appointing Victoria Northedge as Assistant Underwriter. Philpin has worked in Markel’s Trade Credit division since 2014, most recently as a Senior Underwriter, and will now also be ... Read the full article
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