XL Catlin evolves its active assailant coverage

XL Catlin has launched active assailant, loss of attraction and threat (ALT) insurance solution, which includes coverage for active assailant attacks on the operations of businesses and service providers.

The new solution is underwritten out of the UK, US and Singapore, and includes access to specialist risk and business intelligence consultancy S-RM.

Stephen Ashwell, the chief underwriting officer for crisis management, said: “We are constantly evaluating our coverages and looking for ways our solutions can evolve. Unfortunately, the methods attackers use are changing and while there are several coverages available in the market already, many do not address the broad range of issues and impacts associated with these events.

“Our solution seeks to address this with significant capacity of $35 million for active assailant and $25 million for loss of attraction and threat.”

The active assailant cover will include medical, counselling expenses, damage to property and business interruption costs. The loss of attraction and threat cover will provide business interruption and security costs.