-
Jennifer Rubin will become senior underwriting executive and head of terrorism underwriting for North America.
-
The product features fixed payment for a terrorism event within the insured’s post code, irrespective of physical damage.
-
The Terrorism Risk Insurance Program Reauthorization Act (Tripa) will now go before the US Senate.
-
The deliberations come ahead of next year's HM Treasury review of the state-backed reinsurance scheme.
-
The reinsurer’s new division will combine risk awareness, risk modelling and risk management.
-
The amended bill provides the scheme with seven-year funding and introduces a reporting requirement for terrorism exposure at places of worship. -
Repeated increases to co-shares and deductibles mean there is no guarantee of market stability after a terrorist attack.
-
(Re)insurers are already preparing contingency plans in case the programme fails to renew.
-
The appointment follows the departure of James Hannan for Convex.
-
Failing to reauthorise the terrorism risk program could force up rates, executives told lawmakers.
-
Ex-Lancashire underwriter Kayley Stewart is to be reunited with former CEO Richard Brindle.
-
The product is led by Tokio Marine, with following members including Chaucer, Munich Re Syndicate, Beazley, Faraday and Axis.
