News and Media

Rising Competition For Untapped Mineral Resources

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 how quickly these...

Ransom Demand Grows 45%

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 demand grew by 45% to...

Gangs Strangle Haiti’s Capital

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 are wielding and the amount...

War Risk Insurance – NIMASA Invests N150b To End

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, according to the agency, was $195 million. War risk...

Political Risk Insurance – Ukraine War Drives Interest

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 about 100 miles from China, Taiwan...

Black September Plane Hijack – 50 Years Ago Today

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 May 8, 1972, four hijackers from the Black September terrorist...

Scramble for Metals thrusts Africa into Mining Spotlight

The need to secure new sources of metals for the energy transition amid sanctions on top producer Russia has increased the Africa risk appetite for major miners who have few alternatives to the resource-rich continent. Companies and investors are considering projects...

Xi Returns to China’s Socialist Roots

When Xi Jinping took command of the Communist Party in late 2012 and proclaimed “only socialism can save China”, it was largely ignored as the perfunctory mention of an antiquated slogan - not to be taken literally in a modern-day, market-powered economy. But sweeping...

Gaza Strip-Military Forces To Increase Security

The Israel Defence Forces (IDF) will likely maintain a heightened security posture in the country's Southern District over the coming hours after it conducted airstrikes against militant targets in the Gaza Strip. The IDF reportedly carried out the airstrikes in...

Surety Bonds – Benefits and Types

Stening Simpson were recently asked the benefits and types of Surety Bonds. Below is a brief summary. Benefits of Surety Bonds Surety Bonds are widely accepted form of contract security and accepted by the private sector, federal, state and local municipalities. Are...

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