Political risks
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.
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.