Line of business: Political Violence Page 1 / 6
-
- 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.
-
- February 27 2025
As ‘direction of travel’ shifts, attention turns to APAC terrorism pools in wake of UK changes
Decision by Pool Re to move to a more commercial model poses questions for Australian and Indian schemes.
-
- February 21 2025
Australia’s US$8.9bn terrorism reinsurance pool finalises 2025 retrocession program
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says it was important to maintain the pool's strong position in the global terrorism reinsurance market.
-
- February 14 2025
Tokio Marine Kiln takes Talbot’s Jack Skinner as APAC head of political violence
Skinner was most recently a class underwriter at the AIG-owned Lloyd's syndicate based in Singapore.
-
- February 11 2025
MS Amlin launches credit, political risk offering in Dubai with India, MENA markets in sight
New business line will be led by Osama Elshiekh, senior underwriter for credit and political risk, reporting to senior executive officer for MENA Vipul Gupta.
-
- February 10 2025
Liberty Specialty Markets’ Dipam Pandit handed expanded Asia role
Singapore-based Pandit named regional head of broker distribution with the global (re)insurer.
-
- February 6 2025
Taiwan concern remains for marine insurers, says IUMI, amid rising geopolitical risks
President Frédéric Denèfle and policy committee chair Neil Roberts address the pressing issues facing global maritime trade, including Red Sea transits following the recent ceasefire in Gaza.
-
- January 17 2025
While trade war threat looms for Asia, climate risk needs more than insurance: industry leaders
Marsh McLennan’s Carolina Klint says Asia is particularly exposed given its role in the world’s manufacture of goods.
