Ensurance enters terrorism and sabotage market with Lockton duo
Specialist managing general agency (MGA) and Lloyd’s coverholder Ensurance has launched a new terrorism and sabotage offering in the UK, with US and Australian markets to follow later this year.
The new product offers full terrorism and sabotage cover for businesses and a range of policy extensions including non-damage business interruption, denial of access, loss of attraction, and active shooter.
The company has hired a new team of specialists, Becky Steel and Dan Moorcraft, from Omnyy, a managing general agent wholly owned by Lockton.
Steel was the head of global property and terrorism, and has previously held senior roles at Aon Re and AXA Re.
Moorcraft was a terrorism underwriter at Omnyy. Prior to that, he held specialist senior technical roles at AAAIRB and Lloyd & Partners.
Tim James, CEO of Ensurance, said: “There is a growing demand for terrorism and sabotage cover from the construction industry, however Government-backed pools don’t always provide the necessary extensions of cover. We’ve responded to this by developing a product which is competitively priced, offering excellent coverage, backed by the security of both company and Lloyd’s capacity.
“We’re pleased to have attracted people of Becky and Dan’s calibre to Ensurance. They have an excellent reputation in the market and bring a wealth of expertise to the team.”
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