political risk insurance News
Marsh Reports Demand Spike for Political Violence Cover in the Gulf
Marsh, one of the world's largest insurance brokers and risk advisers, has seen a spike in clients' enquiries for political violence cover in the Gulf after attacks on tankers and oil installations ...
Persian Gulf Liability Risks Force BP to Avoid Sending Tankers
BP Plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding sending ships to the region after ...
Geopolitical Tensions Driving Political Risk Losses Higher Around the World
Political risk losses are rising around the world, thanks largely to rising geopolitical tensions, according to a new survey from Willis Towers Watson and Oxford Analytica. Approximately 55 percent ...
JLT Buys U.S. Broker Focused on Political Risk
Jardine Lloyd Thompson Group plc, a specialist insurance and reinsurance broker, bought up a U.S. competitor that specializes in political risk. Neither JLT or its acquisition target, International ...
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Markel Moves to Build Trade Credit Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is launching its trade credit and political risk business in Canada. Markel Canada will handle underwriting for this on ...
W.R. Berkley Debuts Political Risk Coverage Targeted to Life Sciences Companies
W.R. Berkley Corp. is launching political risk insurance for life sciences companies, a type of product that has become increasingly popular in uncertain times. The insurer plans to offer the ...
Marsh: Political Risk Insurance Grows in Capacity and Demand
Capacity for political risk insurance now surpasses $2 billion for a single policy, nearly double the number just six year ago, Marsh said in a new report. What's more, it is a buyer's market for the ...