Talbot launches new terror facilities led by Lloyd’s
Talbot Underwriting, a wholly owned subsidiary of Validus, has launched three enhanced Lloyd’s led terror facilities in the Singapore, Latin American and Dubai markets.
The facilities are led by Talbot with capacity provided by Sompo Canopius for Singapore; and by Sompo Canopius, Navigators and Neon for Latin America and Dubai.
They will provide a full range of political violence perils, including war coverage, writing terror risk of up to $150 million on any one risk in Singapore, and $175 million on any one risk in both Latin America and Dubai.
Steven Tebbutt, global practice leader for political violence at Talbot, said: "The threat of terror is an ever increasing issue our clients face today. In response to the increasing demand, these facilities have been tailored with broader cover and increased capacity to enable us to provide solutions and enhanced limits to our clients."
Talbot also recently launched Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism.
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