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Terrorism tag returned 52 results

  • MENA: Peace improves in 2018 in the region

    Peace in the Middle East & North Africa, the world's least peaceful region, improved marginally last year, based on improvements in 11 countries, according to the 2019 Global Peace Index (GPI).

    Middle East | 17 Jun 2019
  • Argenta Underwriting Asia expands Singapore Team with hire of Simon Wilmot-Smith

    Argenta Underwriting Asia has strengthened its underwriting team in the Asia Pacific region with the appointment of Mr Simon Wilmot-Smith, who has joined its Singapore-based team to write a political violence and terrorism account. Mr Wilmot-Smith, who has many years' experience working in the Lloyd's market including the last 12 years in the Asia Pacific region, will report to AUA's principal underwriter in Singapore, Mr Scott Sykes.

    People | 14 Jun 2019
  • MENA: Terrorism risks decline but remain complex

    Terrorism risks across the Middle East and North Africa (MENA) have decreased in line with the collapse of Islamic State. However, risks persist to the energy sector, particularly oil and natural gas facilities, says Marsh, the world's leading insurance broker and risk adviser.

    Middle East | 26 May 2019
  • Terrorism: Insurance markets adapt to meet changes in business needs

    Insurers are adapting to new terrorism attack methodologies in order to protect properties, employees, and balance sheets, as terrorism risk has evolved in recent years, says Marsh, the world's leading insurance broker and risk adviser.

    Asia | 24 May 2019
  • Saudi Arabia: Insurance mart wary following attacks on oil transport assets

    Attacks in recent days on Saudi Arabian oil tankers and pipelines are set to increase the cost of insuring and securing crude shipments in the Persian Gulf region, added expenses that will likely lead to higher oil prices, industry executives have told The Wall Street Journal.

    Middle East | 16 May 2019
  • Sri Lanka: Travel insurance to drive tourism after bombings

    Following the Easter Sunday attacks in Sri Lanka last month, tourism took a massive hit with estimated losses amounting to $1.5bn and a significant number of travel advisories issued against visiting the country. Seeking to attract tourists once again, tourism minister John Amaratunga said that the government is planning a travel insurance for tourists and will work out the quantum, reported local publication EconomyNext. He also said that the industry has suggested $100,000 to $150,000 of cover for the insurance which has already received cabinet approval.

    Asia | 09 May 2019
  • Sri Lanka sees a surge in demand for terrorism insurance following Easter bombings

    Sri Lankans in large numbers are showing interest to purchase terrorism insurance cover following the Easter Sunday bombings in the island nation.

    Asia Risk | 08 May 2019
  • NITF brings succour to a wounded nation

    National Insurance Trust Fund (NITF), Sri Lanka's state-run reinsurer, released LKR25m ($0.14m) in advance insurance claims to the Kingsbury and Cinnamon Grand hotels that faced terror attacks on Easter Sunday.

    AIRPlus | 07 May 2019
  • ARPC searches for new chief strategy and operating officer

    Australian Reinsurance Pool Corporation (APRC) chief executive Christopher Wallace has announced changes to the ARPC senior executive team with COO Michaela Flanagan leaving. As ARPC finalises the recruitment process for the chief strategy and operating officer (CSOO) role, it has appointed Ms Janice Nand as acting COO.

    Asia | 06 May 2019
  • Sri Lanka: Bombed Shangri-La hotel in Colombo receives $1m advance pay-out

    Following the deadly Easter Sunday terror attacks in Colombo, major Sri Lankan life and general insurer Ceylinco General Insurance together with Chubb USA has paid an advance of $1m to Shangri-La Hotel Colombo last Thursday after an initial inspection was carried out on 22 April. The sum will be used to start repairs and was arranged even before finalising the initial investigation report, according to local publication The Sunday Observer. A loss adjuster appointed by Ceylinco General Insurance's reinsurer will execute further assessments of the damage to the hotel.

    Asia | 29 Apr 2019


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