political risk News

30% of Business Leaders Say Global Political Risk Is Their Biggest Threat

Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of U.S. leaders saying political risk is their number one threat. In January, Beazley surveyed over 3,500 business leaders in …

Marsh Specialty: 2024 Elections to Direct Global Course for Next Decade-Plus

More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk report. “The outcomes of the elections taking …

Lloyd’s of London Leads Insurers Tightening Taiwan Cover as Conflict Risks Rise

LONDON –– Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources with knowledge of the matter …

Citgo’s Insurance Suit over Seized Venezuelan Oil Gets Go-Ahead

Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory Wood on Wednesday denied …

S&P Global Says Russia-Ukraine Insurance Losses Could Reach $35 Billion

LONDON — S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality …

Can Companies Leaving Russia Recoup Losses Through Insurance?

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look …

Allianz Tabulates Top Risks for Businesses

Business and supply chain interruption, natural catastrophes, fire and explosion top the risks for U.S. and global companies in 2015. In addition, cyber risks rank in top five for the first time. Businesses face new challenges from a rise of …