News and Media

News and Media

Political Peril Now “Everyone’s Risk”

21.April.2023|

More than 90% of companies have suffered a political risk loss in the last year. Nine out of 10 companies have suffered a political risk loss in the last year, according to a new report. [...]

No Place to Hide for Global Investors

13.April.2023|

No place to hide for global investors after days of government-shaking protests in Israel and France, the war in Ukraine and the most acrimonious U.S.-China relationship since the reign of Mao Zedong and the prospect [...]

Pirates Hijacked Danish Ship

5.April.2023|

The French navy found the hijacked “Monjasa Reformer” in the Gulf of Guinea but six members of its crew had been kidnapped. An oil and chemical tanker hijacked in the Gulf of Guinea has been located [...]

Kidnapping of Scientists Threatens Field Research

13.March.2023|

After kidnapping of a group of archaeologists and taken hostage, researchers are looking to beef up security and reassess risk. Scientists in Australia say fieldwork and international research collaboration in Papua New Guinea are in [...]

Everything You Need to Know About Surety Contract Bonds

19.February.2023|

What Is A Surety Contract Bonds Surety Contract Bonds provide protection to the Principal of a Contract against the default of the Contractor. A Surety Contract Bond is an undertaking by an independent third party to [...]

Netanyahu’s Brush With Death

12.January.2023|

Chairman of the Joint Chiefs of Staff, General Joseph Dunford, meets with Israeli Prime Minister Benjamin Netanyahu in his office in Jerusalem, and then tours Yad Vashem Holocaust Museum and lays a wreath at the [...]

Ghana: Political Risk Classification Recently Downgraded

20.December.2022|

The risk of a sovereign default or profound debt restructuring has increased over the past three months. Ghana turned to the International Monetary Fund (IMF) in July 2022 for a USD 3 billion financial support [...]

Surety Bonding Provides Strong Economic Value

7.December.2022|

Bonded project portfolios outperform non-bonded portfolios A study conducted by Ernst & Young's (EY) - The Economic Value of Surety Bonds finds construction projects protected by surety have lower rates of contractor default, lower cost [...]

Europe Threat to Infrastructure

7.December.2022|

Further attacks on energy infrastructure are likely in the coming months – assessment Dragonfly's Security Intelligence & Analysis Service.  This follows explosions against non-operational gas pipelines in the North Sea, which Russia was very probably [...]

Russia : Impact on the Insurance Industry

20.October.2022|

The impact of Russia’s invasion of Ukraine is being seen and felt across the world. The invasion has affected almost every industry and sector and continues to strain an already burdened supply chain.  Industries impacted [...]

Moody’s Affirms Montenegro’s B1 Rating

21.September.2022|

Moody's Investors Service said it has affirmed Montenegro's B1 long-term issuer and senior unsecured debt ratings, as well as the country’s Not Prime (NP) short-term issuer rating and the stable outlook. The ratings were affirmed [...]

Sri Lanka May Default on Bonds

19.September.2022|

Sri Lanka is contending with a high risk of default on its local currency bonds as it seeks to reduce debt, key to winning financing from the International Monetary Fund to bring relief to the [...]

Kidnap-For-Ransom Racket

13.September.2022|

A lawmaker said on Wednesday that the spate of kidnap-for-ransom cases is “clearly a law enforcement problem,” therefore the Philippine National Police (PNP) should dismantle kidnapping syndicates before they “mutate into a larger threat” in [...]

Kidnappers Collected N650m in Ransom

18.August.2022|

  About N653.7 million was paid as ransom in Nigeria to Kidnappers between July 2021 and June 2022 for the release of kidnap victims, a new report by a Lagos-based security and political risk research [...]

Taiwan – Risk Insurers Shy Away

15.August.2022|

Tensions around Taiwan, which have ramped up since the recent visit of U.S. House of Representatives Speaker Nancy Pelosi, have made it nearly impossible in recent days for businesses to obtain insurance to cover the possibility [...]

Italy’s Outlook Cut to Negative by Moody’s

12.August.2022|

Italy's Italy’s sovereign rating outlook was lowered to negative by Moody’s Investors Service, which cited accumulated risks from Russia’s war in Ukraine to the departure of Prime Minister Mario Draghi. Italy’s finance ministry called the [...]

Pakistan – Political Strife Threatens Even Bigger Losses

10.August.2022|

The spectre of political uncertainty delaying the International Monetary Fund’s support for Pakistan is unnerving investors, risking further losses in the nation’s bonds and currency.  The rupee and the country’s dollar bonds are setting fresh [...]

Debt Default – Sri Lanka’s Emergence

8.August.2022|

The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’s debt default, but many challenges remain as the country seeks financing support from the IMF [...]

Ukraine Economic Collapse

5.August.2022|

Russia’s invasion of Ukraine has devastated the country. In addition to thousands of military and civilian casualties, the war has also inflicted grave damage on the Ukrainian economy. In response, the international community is helping [...]

Rising Competition For Untapped Mineral Resources

30.May.2022|

While land borders between countries remain key delineators of political risk, competition for ocean territory, resources, minerals and space will increasingly influence interstate relations. The recent invasion of Ukraine by Russia is a reminder of [...]

Ransom Demand Grows 45%

27.May.2022|

A new report has revealed a sharp rise in the amount of ransom being demanded by cybercriminals, with Australia among the top countries targeted. The annual Ransomware Uncovered 2021/2022 report has found that the average ransom [...]

Gangs Strangle Haiti’s Capital

23.May.2022|

Residents Residents travel on a motorbike as they flee their home to avoid clashes between armed gangs, in the Croix-des-Mission neighborhood of Port-au-Prince, Haiti. Experts say the scale and duration of gang clashes, the power they [...]

War Risk Insurance – NIMASA Invests N150b To End

18.May.2022|

    The Nigeria Maritime Administration and Safety Agency (NIMASA) has invested over N150billion to end the War Risk Insurance on Nigeria-bound cargoes. The cost of the contract awarded by NIMASA for Deep Blue Project, [...]

Political Risk Insurance – Ukraine War Drives Interest

18.May.2022|

Taiwan Soldiers Russia’s invasion of Ukraine has made companies more aware of the potential for upheaval overseas, driving interest in political risk insurance for two other potential hot spots: China and Taiwan. A self-ruled island [...]

Black September Plane Hijack – 50 Years Ago Today

10.May.2022|

Black September - Had it not been for the courage of an unflappable British Second World War veteran, the hijacking of an Israeli jet 50 years ago could have ended in disaster and immense loss of life.  On [...]

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