Pol risk, credit & surety

Per-occurrence wordings on some property policies mean riots could be classed as multiple single events, leading to repeated primary layer hits.

Suramericana is facing at least $150mn in claims from civil unrest in Chile over the last six weeks, the company has confirmed.

Ewa Rose will become managing director of credit in Aon Reinsurance Solutions’ credit and financial risks team at the start of next year.

The retailer’s QBE-led political risk programme faces record claims.

The new political risk product focuses on foreign direct investors in higher risk markets.

Walmart is reported to have sustained about $500mn in damage from the riots.

The operation comprises a book inherited from the AmTrust at Lloyd’s takeover.

Underwriters could push for higher premiums after renewed violence in Middle Eastern waters.

The mutual will transfer the financial risks book written from Zurich to one of three alternative European bases.

As school children the world over were gripped by acute eco-anxiety last week, it was encouraging to learn that chief risk officers (CROs) are sanguine about another existential issue that is similarly playing out way above their heads: Brexit.

Edward Moeller has returned to the market after a stint with the federal government.

Marsh-JLT trade credit partner Rob Downey has retired, the latest in a string of trade credit and political risk exits from the broking giant.