Marsh launches UK terrorism facility

Broker Marsh has launched a UK terrorism facility as an alternative to state-backed Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK.

Bowring Marsh, the dedicated specialist international placement broker for Marsh, has launched the facility which will be led by Catlin Syndicate 2003 and Talbot Syndicate 1183, as well as other Lloyd’s carriers.

The facility includes a £150 million loss limit per insured, although additional capacity is available on a standalone basis up to a maximum of £400 million per risk with policy periods of up to 18 months.

Michelle Hurley, head of war, terrorism and political violence at Bowring Marsh, said: “As governments around the world continue to tackle terrorism, companies remain concerned about the impact terrorist activity could have on their assets and operations. With its extensive definition of terrorist acts and flexible structure, Bowring Marsh’s UK terrorism facility offers clients an alternative to Pool Re that can be tailored to their specific requirements.”​