Line of business: Political Violence Page 1 / 7
-
- January 22 2026
Bondi Beach claims yet to trigger terrorism pool, ARPC says
Insurers have received 25 claims following the deadly attack last month.
-
- January 21 2026
Bondi Beach attack claims hit 25, but too early to estimate cost: ICA
Majority are motor claims, while a small number are business interruption claims, the Insurance Council of Australia (ICA) says.
-
- January 12 2026
‘A global problem’: Nicolas Maduro capture creates new dynamic for Asian geopolitical risks
Insurers have little real exposure to Venezuelan risks following the actions by the US, but it is not the case in other regions of the world, with Southeast Asia now a particular focus.
-
- January 8 2026
AIG-backed Lloyd’s syndicate Talbot names Elythea Chew as PVT underwriter
Singapore-based Chew previously worked for Allied World and Chubb.
-
- December 16 2025
Bondi Beach attack declared terrorism incident, Australia’s Terrorism Reinsurance Pool activated
Insurance Council of Australia also declares Sunday's incident as a 'significant event'.
-
- December 15 2025
ARPC asks to be notified of potential terrorism pool claims from Bondi shooting
Government-backed terrorism pool will only take effect once the minister declares a terrorist incident.
-
- November 11 2025
Australia’s criminal code amendment ‘an important step’, ARPC CEO says
Update ensures 'Australia’s terrorism insurance framework keeps pace with the changing nature of the terrorism risk', Christopher Wallace says.
-
- October 1 2025
Australia starts consultation on terrorism and cyclone reinsurance legislation
The Treasury has launched a statutory review of the Terrorism and Cyclone Insurance Act 2003, inviting public feedback on the relevance and governance of national reinsurance pools.
-
- September 24 2025
Nepal’s ‘Gen Z riot’ losses impose financial strain on (re)insurers: AM Best
Outsized proportion of losses, reported to be over US$177m, could impact earnings and capital of the market, which has a combined GWP of US$317m.
-
- September 22 2025
WTW promotes Choo You Bin to head of terrorism and political violence for APAC
Singapore-based Choo was most recently executive director for crisis management, terrorism and politcal violence.
-
- September 19 2025
Nepal political riots claims near US$150m, regulator says
Violent protests caused widespread property damage after the parliament building, government offices, the Supreme Court and the newly-opened Hilton hotel in Kathmandu were set ablaze.
-
- September 9 2025
Indonesian protests to result in ‘substantial’ losses, but PV market capacity not a concern
Claims likely to arise from riot, strikes, civil commotion and malicious damage perils from the protests which started in late August, sources told InsuranceAsia News.
-
- July 9 2025
Reinsurance market grapples with geopolitical risks amid renewals shift
There is an acceleration in reinsurance rate reductions across the globe, but the question it raises is whether the softening will cool off, according to panellists at the reinsurance webinar co-hosted by IAN and Fitch Ratings last week.
-
- June 19 2025
Global MGA United Risk completes acquisition of Australia’s Pinnacle Underwriting
Regional CEO Hayden Smith says the deal for the specialty facultative reinsurance MGA 'puts United Risk squarely within the top five largest MGAs in the world'.
-
- May 27 2025
Beazley strengthens APAC team with double promotion
Singapore-based Kwang Hoon Song and Steven Hatton have been handed expanded marine and political, accident, and contingency risks roles by the specialty insurer.
-
- May 13 2025
India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
-
- April 9 2025
APAC protests, riots in 2024 highest globally: Allianz Commercial
India, Pakistan, South Korea top 10 countries by frequency globally last year, according to a report.
-
- March 25 2025
Everest hands Henry Ang dual PVT, property role
Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.
-
- March 24 2025
GIC Re’s terrorism risk rate cut could slash premiums by up to 15%: report
India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.
-
- March 3 2025
Civil unrest, crime to remain major threats in APAC in 2025: Willis
9% of clients reported incidents in the region in 2024, a gradual increase from 6% in 2023, amid a complex and multifaceted threat environment.
