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War, Terrorism, and Political Violence

  • SRCC

Marsh, Lloyd’s launch US$50m war risk facility in Black Sea corridor

November 16, 2023

Deal brokered a week after fatal missile strike on Philippines-owned vessel, KMAX Ruler, caused premiums to soar.

India considering redistribution of US$1.8bn terrorism pool capacity to nuclear and import risks: Report

November 15, 2023

GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.

War risk premiums surge following missile strike on Philippines-owned vessel in Ukraine: Report

November 10, 2023

Attack on KMAX Ruler, which was due to transport iron ore to China, led to a fatality and injuries to Filipino crew, prompting a sharp increase in marine war risk premiums.

Pei Ru Chiew joins Sompo International from AXA XL to spearhead APAC Crisis Management

October 27, 2023

Sompo International taps Pei Ru Chiew to spearhead its Crisis Management and Commercial P&C Insurance in APAC, leveraging her deep expertise to meet the escalating demands for political violence and terrorism insurance coverage in the region.

Lloyd’s model shows Greater China and APAC most exposed in food supply shock scenario

October 12, 2023

A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.

An aerial view of a large cargo ship docked in a river.

Miller collaborates with Clearwater Dynamics to provide war risks cover for Ukrainian grain corridor

September 27, 2023

The coverage uses Clearwater Dynamics technology to provide 24/7 operations room monitoring and reporting and is backed by Lloyd's and A-rated London market insurers.

A container ship sailing in the ocean on a foggy day.

War risk premiums surge for ships in Russia’s black sea ports: Report

August 23, 2023

Insurance firms have raised 'war risk premiums' for vessels in Russia's Black Sea ports amid escalating tensions and reported attacks, adding to the country's overall oil export costs.

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