London-based underwriting subsidiaries of Catlin Group says it has have introduced a new terrorism insurance product that includes unique crisis response services as well as coverage for chemical, biological, radiological and nuclear (CBRN) losses.
Underwritten by the Catlin Syndicate at Lloyd's and Catlin UK (Catlin Insurance Company Ltd.), the "UK Asymmetric" product, includes comprehensive coverage of property damage, business interruption, general and employers' liability, clean-up costs and consultancy expenses arising from an act of CBRN terrorism or a threat thereof.
The Catlin Group, an international specialty P&C insurer and reinsurer, is a pioneer in underwriting insurance covering CBRN events, having introduced such coverages in 2006.
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