Terrorism

Underwriting group Kiln has launched the first policy to protect mobile phone users against losses arising from ID theft and unauthorised payments...

On the eve of the 10th anniversary of the attacks on the World Trade Center, a leading lawyer has said those events are responsible for changing the reinsurance market dramatically.

While there seems to be little shortage of available terrorism reinsurance, a report has warned there remain concerns over the ability for the industry to withstand a major attack.

The issue of terrorism has been forced back into the news agenda with the deaths of three of the leaders of the of Jihadist terror organisation al-Qaeda including leader Osama bin laden. Hafidz Baharom examines the issues facing the region’s reinsurance market over the threat of terrorism and the rising exposure levels.

Lloyd’s has warned that the industry need to be invited to play a significant role in the global debate over the use of synthetic biology.

The political risk market is facing a need to re-evaluate its products for the coverage of “pure political risk” to meet client demand for greater efficiency and transparency.

 With the deaths of three leading members of the jihadist terror organisation al Qaeda killed within the space of six weeks and the ongoing civil uprising across the Middle East and North Africa, underwriters are facing renewed demand for coverages at a time when the risk environment is ever changing.

With the Arab spring revolution taking place in the Middle East, elections soon to take part in South East Asia and the repercussions from the death of Osama Bin Laden finally coming to a head, Asian correspondent Hafidz Baharom  looks at the current state of the political risk market for the Middle East and North Africa (MENA).

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