Kidnap & ransom (K&R)
Interview: Stephen Catlin, Convex
Harry Curtis spoke to Stephen Catlin, CEO and chairman of Convex, about how the insurer is looking forward, why cyber risks are a step too far and his response to climate critics
This Week in Post: cars and courts
As Britain is basking in glorious summer, the sun is also shining on the motor insurance market.
Analysis: Social media is making virtual kidnap and ransom a reality
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…
XL Catlin's Tania Bensoussan-Arthur on the new trends grabbing the kidnap and ransom market
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.
Aegis' John Chase joins Schillings as partner
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Businesses to face bigger costs for ransomware attacks
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.
Riding into the danger zone
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 launches Thomas Miller Specialty
Thomas Miller, which manages the UK and TT Protection & Indemnity clubs, has launched a new group business, Thomas Miller Specialty.
XL Catlin recruits from AIG to bolster Australia crisis capabilities
Shelley Devane has joined XL Catlin to become its head of crisis management for Australia.
Seacurus expands piracy cover for South East Asia
Niche marine broker addresses rising risks in South East Asia with enhanced piracy cover.
Counter-Terrorism Bill to be debated in the House of Lords
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.
Counter-Terrorism Bill to go to parliament tomorrow
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.
Insurers' ransom payments to be banned in Bill
A legislation change that will prevent insurers from making ransom payments to terrorist groups is expected to be announced today.
XL transfers kidnap and ransom underwriter to Asia
XL Group has transferred kidnap and ransom underwriter Alex Smith to Hong Kong to establish a kidnap and ransom capability in Asia.
Europe: Kidnapping - The criminal act of our century
European businesses need to ensure they are covering their employees against kidnapping, a growing phenomenon on the Continent
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.
C-Suite – Insurer: Continually adapting K&R
With criminals devising ever more sophisticated ways to extort money from victims, kidnap and ransom insurance is continually having to adapt.
Markham recruits UN specialist for kidnap push
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.
Piracy: Safer seas
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?
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?
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.