Pol risk, credit & surety

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.

The senior underwriter will report to head of crisis management Chris King.

The former MI6 chief says Lloyd’s Brussels was “nice publicity but not essential”.

Stephen Catlin and Paul Brand’s start-up continues to build out with arrival of the segment leader from StarStone.