Terrorism
Lloyd's issues stark El Nino food supply warning
Lloyd's has commissioned research which shows the potential huge impact an El Nino year could have on the world's food supplies.
Pool Re to encourage non-members to offer mitigation credit
Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
Uninsurable risk: No-go zone
According to businesses, six of the top 10 risks facing them are deemed uninsurable. Are insurers being innovative enough to address the problem?
Government to offer insurance incentives for terrorism mitigation efforts
Counter terrorism police are to outline details of an insurance programme that will benefit businesses and organisations that make improvements to their security arrangements under the government's crowded places programme.
78% of terrorist attacks since 2007 have been in 10 countries, says Aon
Aon has identified the 10 countries where the vast majority of global terrorist attacks occur.
Blog: The threat in the skies - have cyber attackers boarded the plane?
The aviation industry is fast becoming one of the hottest areas of interest among the cyber community - particularly insurers - as the risk profile to airplanes and carriers increases.
Aon highlights increased European terrorism threat
Aon has identified nine developed economies as being at an increased risk of terrorism, including seven from Europe.
Guest promoted at XL Catlin in Singapore
David Guest, formerly underwriting manager, crisis management at XL has been promoted at newly formed XL Catlin.
Pool Re unveils loss mitigation credit
Pool Re and the National Counter Terrorism Security Office have launched an initiative to provide a reduction in premium for owners of crowded sites who take loss mitigation measures.
Pool Re modernisation initiatives to launch in October
Pool Re modernisation initiatives including an updated SME proposition, risk reflective pricing and enhancements to the customer experience will take effect from 1 October.
Client demand tipped to trigger broader coverage for terrorism 'non-events'
The changing face of global terrorism is likely to cause an influx of insurance products to target terror-related threats as the scale and scope of terror events expand.
Piracy: Risks moving from Africa to Asia
Although there has been good progress tackling piracy in both East and West Africa, ensuring global attacks declined for a fourth year in a row last year, it continues to thrive elsewhere.
Changing face of terrorism sparks launch of Hiscox threat policy
Hiscox claims it is responding to “the changing nature of terrorism” with the launch of a product designed to protect businesses against the loss of revenue suffered as a result of a threat or hoax.
Interview: Julian Enoizi: A pool of knowledge
Eighteen months into his role as CEO of Pool Re, Julian Enoizi talks about the changes he has made, how a new government may affect things and offers advice to Flood Re.
Europe: How did the Western Sanctions affect the Russian insurance market?
At the end of January the Council of the European Union agreed to extend existing sanctions against Russia. This move comes a year on from the introduction of the first set of sanctions, and now we can estimate its impact on the Russian insurance market.
Pool Re CEO says cyber risk warrants public-private partnership
A public-private partnership in the area of cyber risk should be considered given the potentially systemic nature of the loss, according to Pool Re CEO Julian Enoizi.
Munich Re leads Pool Re's £1.8bn reinsurance programme
Government-backed terror scheme Pool Re has purchased reinsurance in the commercial market for the first time in its history.
Penny Black’s Insurance Week - 19 February
Despite being a woman of traditional tastes, Penny is aware the threat of cyber-attacks is very real, as reflected in the ominous words of various speakers at an event in London on the subject.
LMA issues TRIA guidance note
The Lloyd's Market Association has issued a guidance note to the London insurance market on Terrorism Risk Insurance Act legislation.
Terrorism: Defusing the terrorism bomb
Despite recent terrorist attacks, the insurance market remains resilient, with losses in property damage and business interruption remaining low. However, what effect will the changes to Pool Re have?
Pool Re reportedly weighing business interruption changes
UK terrorism insurance scheme Pool Re is reportedly evaluating changes to business interruption cover in the aftermath of the Charlie Hebdo killings in Paris.
Sydney hostage siege declared as terrorist act
The hostage crisis that left two dead in central Sydney on 15-16 December has been declared a terrorist act meaning insurers will pay compensation to businesses.
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.
Editor's comment: Je Suis Charlie
On 7 January terrorists attacked free speech by shooting dead 12 innocent journalists and police at the offices of the French satirical magazine Charlie Hebdo.