terrorism coverage News

Pioneer Programs Launches Targeted Violence Program

Pioneer Programs Insurance Solutions, LLC, has partnered with U.S.-based security leader 1st Watch Global and London-based EC3 Brokers to launch a new targeted violence program that combines comprehensive insurance coverage with risk management assessment. Backed by Lloyd’s capacity, the program …

Hiscox Enhances Security Incident Response Product for Businesses

Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing with an insured event. …

XL Catlin Boosts Terrorism Insurance Limits to $250M

XL Catlin has raised its available terrorism insurance coverage limits to $250 million from $200 million, a 25 percent increase. XL Catlin’s standalone terrorism insurance policy helps U.S. businesses address potential insurance coverage gaps provided by the federal Terrorism Risk …

XL Catlin Adds Terrorism & Political Violence Coverage to Property Program

XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s Platinum Property program allows businesses to address 100 percent of their commercial property risks under one policy form, with one …

AIG Increases Property Terrorism Capacity to $1B

American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within AIG’s Large Limits property insurance offering, which provides …

LIU Launches War and Terrorism Coverage for U.S. Businesses

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched stand-alone war and terrorism coverage to protect U.S. businesses at home and their assets abroad. In 2014, the cost of global terrorism rose to levels not seen since 9/11 …

International Forum of Terrorism Risk Re/Insurance Pools Launched

Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP). The formation of IFTRIP is the culmination of a Pool Re led initiative, which …

Lockton Launches Corporate Terrorism Product with London Markets

Insurance broker Lockton, in conjunction with London Market insurers Hiscox, Beazley, Talbot and XL Catlin, have launched a new product – Terrorism Crisis Solutions (TCS) – designed to offer corporate clients a combined terrorism cover that encompasses a wide range …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Hiscox Adds Property Damage Protection to Terrorism Insurance Product

Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies offer coverage of up to $25 million for blast damage, decontamination and …