Cost of terrorism premiums could rise after hotel attack

Families wait for news of their loved ones at 14 Riverside Drive Complex in Nairobi on January 16, 2019. PHOTO | DENNIS ONSONGO

The risk of terrorist attacks is likely to push up premiums for businesses and players buying insurance for terror-related risks compared to last year, analysts, brokers and insurers have said.

Tuesday’s attack at a hotel and business complex in Nairobi claimed the lives of at least 14 people while dozens others were injured in the attack linked to the Somalia-based Al-Shabaab terrorist group.

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