Political risk is branching out to other geographies and Canada and other countries are now seeing a different risk landscape. In an interview with Insurance Business, Patrick Rengger, commercial account executive and senior advisor in HUB International’s Complex Risk Division said, “We’re seeing governments and presidents taking arbitrary actions against companies in ways we haven’t seen before,” he explained. “Production-sharing agreements or concession contracts that were once rock solid are now being reinterpreted or ignored entirely.”
