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Bangkok riots burn standalone terrorism market with $1bn bill

14 June 2010

The riots in Bangkok last month have burnt the nascent standalone terrorism (re)insurance market with $1bn total losses and the need for a complete overhaul, sister publication Inside FAC has revealed.

Losses are understood to be spread evenly between the terrorism market and the property market at some $500mn each.

The biggest single loss relates to Central Pattana's Central World shopping mall - the second largest in South-East Asia - which was set on fire as troops closed in on...

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This article was published as part of issue June 2010/3

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