London, UK – A new AEGIS London-led Lloyd’s consortium is offering a solution for complex political violence risks with limits up to $100m.
James MacDonald, War & Terrorism Class Underwriter at AEGIS London said: “We are delighted to launch this new and compelling offering, enabling our valued brokers and clients to efficiently secure comprehensive political violence coverage through this 100% solution.”
AEGIS London’s Political Violence Consortium offers cover for the full spectrum of political violence and terrorism perils, including sabotage, strikes, riots and civil commotion (SRCC), insurrection, revolution, war, and civil war. Cover is available across a range of sectors including retail, industrial, leisure, financial, logistics, transport, and construction.
MacDonald added, “with heightened tensions and a plethora of geopolitical stressors increasingly prevalent across the globe, we see growing interest from a range of industries to secure new political violence and terrorism (PVT) insurance, along with augmented appetite from existing insureds to expand their policy limits and coverage options. The new AEGIS London Political Violence Consortium can therefore ably cater for the emerging needs of these clients as they seek to secure or expand political violence coverage.”
Matthew Yeldham, Chief Underwriting Officer at AEGIS London, said: “Our Political Violence and Terrorism Underwriting team is highly regarded in the market, and this product will make a real difference to businesses around the world seeking the necessary breadth of coverage and policy limits to secure their businesses against PVT losses. We are proud to have built this consortium.”
The launch of this market-leading new solution enables AEGIS London to offer 100% share of risk and increase its per policy capacity from $60m up to $100m.
ENDS
Media contact:
Adam Holden, Omnia Partners
07917 000028
Adam.holden@weareomniapartners.com
Adrian Beeby, Omnia Partners
07879 403564
adrian.beeby@weareomniapartners.com
Notes to Editors
AEGIS London operates Lloyd’s Syndicate 1225 and comprises the UK-based subsidiaries of AEGIS (Associated Electric & Gas Insurance Services Limited), a mutual insurance company that serves the needs of the North American energy industry. From its origins in 1999, AEGIS London has become a top quartile diversified Lloyd’s Syndicate, leading and participating in a wide range of business classes with a talented team of over 230 people.