Chubb expands terrorism and war capacity by 50%

Property/casualty insurer Chubb has increased its terrorism, political violence and war insurance capacity by 50 percent to meet the needs of large, multinational businesses with growing global exposures.

The company will now offer insurance capacity of up to $150 million or €150 million (previously $100m/ €100m) for terrorism, political violence and war risks as it further builds its proposition in response to evolving threats and increased demand from multinational clients.

According to the company, it has increased its terrorism and political violence capacity per account by 300 percent in the last two years. In addition to standalone cover, Chubb also offers an integrated proposition to cover the gaps between traditional property and business interruption, terrorism and political violence insurance policies.

"The increase in capacity to US$150m demonstrates our commitment to responding to growing client demand for certainty and comprehensive cover across the full range of perils," said Piers Gregory, terrorism and political violence underwriting manager, Overseas General Insurance at Chubb.

"As the needs of our clients become increasingly international, Chubb is one of the few insurers with the multinational capability to help them design the compliant global insurance programmes that they need in an ever more globalised operating environment."

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