XL Catlin Launches Active Assailant, Terrorism Threat Coverage

XL Catlin’s has launched Active Assailant, Loss of Attraction and Threat (ALT) insurance coverage to respond to the impact of terrorism or an active assailant attack or the threat of an attack on the operations of businesses and public service providers.

There are three components which make up the ALT coverage:

The coverage is underwritten out of the UK, U.S. and Singapore, and includes access to specialist risk and business intelligence consultancy S-RM. The firm helps clients to evaluate their security risks and identify the most effective way to address them.

According to Stephen Ashwell, XL Catlin’s chief underwriting officer for Crisis Management, capacity for the coverage is up to $35 million for Active Assailant and $25 million for Loss of Attraction and Threat.

XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.