Escalation in Lebanon puts PVT market on watch but ~$500mn exposure manageable
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Escalation in Lebanon puts PVT market on watch but ~$500mn exposure manageable

Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel.

By Ayesha Venkataraman Fiona Robertson Rachel Dalton
October 03, 2024
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Beirut, Beirut, Lebanon. 2nd Oct, 2024. Hezbollah's press and media office organised a tour inside the Dahieh residential suburb, south of Beirut, to show the recent bombed areas. 4 locations bombed in the last few days have been shown to the internationa
Credit: ZUMA Press, Inc/Alamy

Political violence and terrorism (PVT) underwriters are on watch as hostilities escalate in the Middle East, but sources believe any potential losses from attacks on Lebanon would be manageable, given the London market’s relatively small exposure of about $500mn...

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