Companies must take a more holistic, global approach to political risk in order to obtain the insurance cover they need, said Lloyd's broker SBJ executive director Kit Brownlees.
Brownlees said that political and economic crises in many countries had severely reduced insurance capacity. The market had also hardened dramatically over the past 12 months due to factors such as 11 September, corporate failures and reinsurance changes.
Companies needed to make their risks more attractive to insurers, by spreading political risks around the globe, if they wished to obtain coverage.
