Talbot Underwriting Announces Three Enhanced Terror Facilities
February 08 2017 - 4:16PM
Business Wire
Talbot Underwriting Ltd. (“Talbot”), a wholly owned subsidiary
of Validus Holdings, Ltd. (“Validus”), today announced the
successful launch of three enhanced Lloyd’s led terror Facilities
in the Singapore, Latin American and Dubai markets.
In response to the increasing demand for this distinctive
coverage, these Facilities offer a full range of political violence
perils, including war coverage.
The Facilities are led by Talbot with capacity provided by Sompo
Canopius for the Singapore Facility and by Sompo Canopius,
Navigators and Neon for the Latin American and Dubai Facilities.
The Facilities will write 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." He added, “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 announced the successful launch of the only
Lloyd’s led consortium for nuclear, biological, chemical and
radiological (NBCR) terrorism.
About Talbot Underwriting Ltd.
Talbot Underwriting Ltd operates within the Lloyd’s insurance
market through Syndicate 1183. Syndicate 1183 focuses on
underwriting a number of specialty risks including marine,
aviation, transport, energy, terrorism, political risk, accident
and health, construction, contingency, financial institutions,
property and treaty reinsurance. Syndicate 1183 has capacity of
£600 million for the 2016 underwriting year of account.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. ("Validus") is a holding company for
reinsurance and insurance operating companies and investment
advisors including Validus Reinsurance, Ltd. (“Validus Re”), Talbot
Underwriting Ltd. (“Talbot”), Western World Insurance Group, Inc.
(“Western World”) and AlphaCat Managers, Ltd. (“AlphaCat”).
Validus Re is a Bermuda based reinsurer focused on treaty
reinsurance. Talbot is a specialty insurance group primarily
operating within the Lloyd's insurance market through Syndicate
1183. Western World is a U.S. specialty lines insurance company
focused on excess and surplus lines. AlphaCat is a Bermuda based
investment adviser managing capital for third parties and Validus
in insurance linked securities and other property catastrophe and
specialty reinsurance investments.
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version on businesswire.com: http://www.businesswire.com/news/home/20170208006078/en/
Investors:Validus Holdings,
Ltd.investor.relations@validusholdings.com+1-441-278-9000orMedia:Brunswick
GroupCharlotte Connerton / Mustafa
Riffat+1-212-333-3810orClients:Simon Wilmot-SmithClass
UnderwriterTalbot, Singapore+65 6511
1405Simon.Wilmot-Smith@talbotuw.comorPiers HardingClass
UnderwriterTalbot, Singapore+65 6303
9531piers.harding@talbotuw.comorRahul ShahPolitical Violence
UnderwriterTalbot, Dubai+971 4 432
9839detailsrahul.shah@talbotuw.comorDeigo San
MartinUnderwriterTalbot, Santiago+562 2797
0303diego.sanmartin@talbotuw.com
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