Terrorism
15% drop in large-scale terror attacks prompts RMS model update
A 15% reduction in the frequency of large-scale terror events in many cities has prompted RMS to release an update version of its probabilistic terrorism model.
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.
Post Blog: Six reasons you cannot miss Claims Club meeting 3
Next month the Post Claims Club returns with its third quarterly meeting.
War risks market faces 'substantial rate increases' in wake of MH17 loss
The war risks market is likely to experience “substantial rate increases” following the total loss of Malaysia Airlines flight MH17, according to a report by AM Best.
Beazley CEO Horton braced for MH17 war claims
Beazley chief executive Andrew Horton has admitted the speciality insurer could face exposure following last week’s Malaysia Airlines flight MH17 disaster.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Competition leads reinsurers to drop terrorism exclusion clauses
Heightened competition for reinsurance renewal has resulted in reinsurers withdrawing the terrorism exclusion clauses that were introduced after the September 11 attacks.
Isis Iraq insurgency set to push rates up amid fears unrest could spread
Extremist group’s actions have led to evacuation enquiries from oil and gas firms
Comment: Covering the cup on and off the pitch
From terrorist attacks to heatstroke, the insurance industry is covering a vast array of risks at the World Cup
Over 20 killed in terrorist attack at Karachi airport
At least 20 people have been killed including 10 militants following a terrorist attack on Pakistan's busiest airport.
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.