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Terrorism tag returned 48 results

  • 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.

    Latest News | 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
  • Sri Lanka: Insurance fund to provide advance pay out following terror attacks

    Sri Lanka's National Insurance Trust Fund (NITF) has decided to provide Rs. 25m ($0.14m) in advance insurance claims to The Kingsbury and Cinnamon Grand hotels each following terror attacks across eight locations of the country last Sunday.

    Asia | 26 Apr 2019
  • Rise of Islamist attacks in Southeast Asia

    According to Aon's latest risk report, the frequency of jihadist attacks across Southeast Asia rose by around 30% last year. The threat is highest in the southern Philippines, but also extends to Indonesia, and to a lesser degree, to Malaysia and Singapore.

    Asia Risk | 24 Apr 2019
  • 'Low-risk' Sri Lanka grapples with recent terror attacks

    Heartfelt condolences are sent to the people of Sri Lanka from the management and staff at Asia Insurance Review and Middle East Insurance Review as the Easter Sunday terror attacks in Sri Lanka have left at least 290 dead and 500 injured according to latest government figures. Sri Lanka was rocked by a series of co-ordinated bomb attacks at three churches in Colombo, Negombo and Batticaloa as well as hotels Kingsbury, Shangri-La and Cinnamon Grands in Colombo yesterday. The attacks came as a surprise as Sri Lanka was perceived to have a low terrorism risk after a violent civil war between the separatist Tamil Tigers and the government ended in 2009.

    Latest News | 22 Apr 2019
  • China-US trade tensions lead to rising demand for political risk cover

    The ongoing US-China trade spat has led to a sharp rise in political risk enquiries from firms looking to limit any impact on their global operations, according to findings from the Aon Risk Maps 2019.

    Latest News | 16 Apr 2019

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