Political risk rates for contractors working in Iraq have increased by 25% following the killing of four US civilians who were working in the country.
The four American contractors were attacked and killed in Falluja earlier this month. Their bodies were later burned and mutilated.
"Cover for people has increased by 25%," one Lloyd's broker said this week. "There have been no inquiries about assets yet but I would expect similar increases."
Last month, Lloyd's managing agents providing cover in Iraq were warned that terrorist attacks against 'soft' targets in Baghdad will accelerate in the build-up to the handover of power in June.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
