The War, Terrorism, and Political Violence (WTPV) market has entered a materially more complex phase, according to Marsh Re. Middle East losses are being discussed at north of $2bn against an annual gross premium base of approximately $2.5bn, making this likely the first loss-making year for the class since 9/11.
Abundant insurance capacity and strong competition continue to create favourable conditions for commercial insurance buyers across most major lines of business, according to global insurance broker Aon in its Q2 2026 Global Insurance Market Insights report.
Markel Insurance, the insurance operations within Markel Group, has appointed Mr Henry Ang as Head of Terrorism, Singapore.
The Fidelis Partnership (TFP) has launched the TFP PVT Consortium to deploy meaningful new capacity into the War, Terror and Political Violence (WTPV) market at a time of heightened global demand and significant market dislocation resulting from the Middle East conflict.
For the insurance industry, and especially the Political Violence & Terrorism (PVT) business, the war in the Middle East may lead to significant losses in some areas and new risk assessments for selected key industries and regions, according to the "Political Violence and Civil Unrest Trends 2026" report from Allianz Commercial.
Australian Reinsurance Pool Corporation (ARPC) has announced that its Chief Underwriting Officer, Mr Michael Pennell, will retire later this year following a distinguished career in reinsurance and more than two decades of service to ARPC and the Australian community.
South Africa's only special risk insurer, Sasria, has restored a critical layer of insurance capacity for large corporates facing escalating risks linked to civil commotion, riots, strikes, public disorder and terrorism.
The China Reinsurance (Group) Corporation (China Re Group) has carried out a preliminary comprehensive assessment of the impact of the US-Israeli-Iran hostilities on its operations. The Group finds that the current impact of the war on it is generally manageable, but uncertainties remain due to ongoing developments.
The Insurance Regulatory Commission of Sri Lanka (IRCSL), Sri Lanka's insurance regulator, has entered into a Memorandum of Understanding (MoU) with the Sri Lanka Police.