Chubb now is offering increased insurancecapacity of up to $150 million (previously $100 million) forterrorism, political violence and war risks.
|Growing exposures
Chubb said in a statement that the new increased capacity would beavailable to brokers and their clients internationally and wasdesigned to meet the needs of large, multinational businesses withgrowing global exposures.
Chubb has increased its terrorism and political violencecapacity per account by 300% in the last two years.
|Client demand for comprehensive cover
“The increase in capacity to $150 million demonstrates ourcommitment to responding to growing client demand for certainty andcomprehensive cover across the full range of perils," according toPiers Gregory, terrorism and political violence underwritingmanager, overseas general insurance at Chubb. "As the needs of ourclients become increasingly international, Chubb is one of the fewinsurers with the multinational capability to help them design thecompliant global insurance programs that they need in an ever moreglobalized operating environment.”
Related: Dealing with terror
|Victoria PrussenSpears, Esq., ([email protected]) is associate directorof FC&S Legal, editor of the InsuranceCoverage Law Report, and seniorvice president at Meyerowitz Communications Inc.
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