Pol risk, credit & surety

Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.

Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018.

Political violence and risk underwriters have heavily cut back in the region, which remains an important source of premium for marine insurers.

The underwriter will retain his responsibilities as lead underwriter for credit and political risk.

Rising counterparty risk from economic slowdown will support prices and growth.

Mark Jenkins becomes chairman of the global credit and political risk team.

The repercussions of the war between Russia and Ukraine continue to affect several countries, including Egypt and Somalia, as a result of grain-supply interruptions.

The underwriter has spent 10 years in Singapore, mainly in broking.

The report states that in the first months of 2023 as many as 1.5 million person-days were expended on cost-of-living protests in the 10 countries hardest hit.

The carrier will look to support green energy projects in developing nations.

The consultancy has outlined the financial guarantees needed from governments and availability of data from Ukraine that will enable insurers to provide risk capacity for the country's recovery.

The supply-chain finance firm dramatically collapsed in 2021 after its trade credit insurance was pulled.