Terrorism – InsuranceAsia News https://insuranceasianews.com/industry_segments/terrorism/ Mon, 05 Jan 2026 07:42:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Bondi Beach attack declared terrorism incident, Australia’s Terrorism Reinsurance Pool activated https://insuranceasianews.com/bondi-beach-attack-declared-terrorism-incident-activates-australias-terrorism-reinsurance-pool/ Tue, 16 Dec 2025 06:05:14 +0000 https://insuranceasianews.com/?p=207026 Insurance Council of Australia also declares Sunday's incident as a 'significant event'.

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Australia's Terrorism Reinsurance Pool has been activated for just the second time after Sunday’s mass shooting at Bondi Beach was designated as a declared terrorism incident under the Terrorism Insur...

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]]> ARPC asks to be notified of potential terrorism pool claims from Bondi shooting https://insuranceasianews.com/arpc-asks-to-be-notified-of-potential-terrorism-pool-claims-from-bondi-shooting/ Mon, 15 Dec 2025 07:08:41 +0000 https://insuranceasianews.com/?p=206920 Government-backed terrorism pool will only take effect once the minister declares a terrorist incident. 

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The Australian Reinsurance Pool Corporation (ARPC), which manages the Terrorism Reinsurance Pool, has asked to be notified "of any potential claims and losses" following Sunday's mass shooting at Bond...

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]]> Australia’s criminal code amendment ‘an important step’, ARPC CEO says https://insuranceasianews.com/australias-criminal-code-amendment-an-important-step-arpc-ceo-says/ Tue, 11 Nov 2025 04:49:48 +0000 https://insuranceasianews.com/?p=204328 Update ensures 'Australia’s terrorism insurance framework keeps pace with the changing nature of the terrorism risk', Christopher Wallace says.

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Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace has welcomed the passing of the Criminal Code Amendment (State Sponsors of Terrorism) Bill 2025 by the Australian gov...

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]]> Australia starts consultation on terrorism and cyclone reinsurance legislation https://insuranceasianews.com/australia-starts-consultation-on-terrorism-and-cyclone-reinsurance-legislation/ Wed, 01 Oct 2025 09:00:02 +0000 https://insuranceasianews.com/?p=201103 The Treasury has launched a statutory review of the Terrorism and Cyclone Insurance Act 2003, inviting public feedback on the relevance and governance of national reinsurance pools.

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Australia’s Commonwealth Treasury has started reviewing terrorism and cyclone insurance legislation to assess the relevance of reinsurance pools, according to a consultancy paper rolled out by the tre...

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]]> WTW promotes Choo You Bin to head of terrorism and political violence for APAC https://insuranceasianews.com/wtw-promotes-choo-you-bin-to-head-of-terrorism-and-political-violence-for-apac/ Mon, 22 Sep 2025 02:43:47 +0000 https://insuranceasianews.com/?p=200404 Singapore-based Choo was most recently executive director for crisis management, terrorism and politcal violence.

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Global broker WTW has promoted Choo You Bin to head of terrorism and political violence for APAC, according to a LinkedIn update.
Singapore-based Choo (pictured) joined WTW over four years ago, and wa...

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]]> Indonesian protests to result in ‘substantial’ losses, but PV market capacity not a concern https://insuranceasianews.com/indonesian-protests-to-result-in-substantial-losses-but-pv-market-capacity-not-a-concern/ Tue, 09 Sep 2025 07:56:51 +0000 https://insuranceasianews.com/?p=199486 Claims likely to arise from riot, strikes, civil commotion and malicious damage perils from the protests which started in late August, sources told InsuranceAsia News.

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The ongoing protests in Indonesia will likely result in "substantial" losses, but an expansion in political violence (PV) market capacity is set to soften the impact for (re)insurers, multiple industr...

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]]> India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious https://insuranceasianews.com/india-pakistan-tensions-put-pressure-on-pricing-capacity-as-carriers-remain-cautious/ Mon, 12 May 2025 23:30:35 +0000 https://insuranceasianews.com/?p=190389 Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.

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Amid heightened exposure due to the ongoing conflict between India and Pakistan, upward pressure on pricing and a contraction in available political violence capacity is expected, according to a Singa...

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]]> Everest hands Henry Ang dual PVT, property role https://insuranceasianews.com/everest-hands-henry-ang-dual-pvt-property-role/ Tue, 25 Mar 2025 04:46:57 +0000 https://insuranceasianews.com/?p=179458 Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.

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Global insurer Everest has handed Henry Ang the dual role of head of political violence and terrorism for Asia, as well as property underwriting, according to a LinkedIn update.
Singapore-based Ang (p...

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]]> GIC Re’s terrorism risk rate cut could slash premiums by up to 15%: report https://insuranceasianews.com/gic-res-terrorism-risk-rate-cut-could-slash-premiums-by-up-to-15-report/ Mon, 24 Mar 2025 08:44:33 +0000 https://insuranceasianews.com/?p=179366 India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.

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A recent rate cut by the General Insurance Corporation of India (GIC Re) for terrorism risk insurance will result in a premium reduction by up to 15% from April 1, according to a report in the Busines...

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]]> Civil unrest, crime to remain major threats in APAC in 2025: Willis https://insuranceasianews.com/civil-unrest-crime-to-remain-major-threats-in-apac-in-2025-willis/ Mon, 03 Mar 2025 05:00:37 +0000 https://insuranceasianews.com/?p=177545 9% of clients reported incidents in the region in 2024, a gradual increase from 6% in 2023, amid a complex and multifaceted threat environment.

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Civil unrest and crime will remain major threats in Asia Pacific in 2025, linked to socioeconomic conditions or poor mental health, with active assailant incidents present even in secure states like C...

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