NEW YORK, April 19, 2017 /PRNewswire/ -- To meet continued
demand for terrorism insurance protection, XL Catlin raised its
available terrorism insurance coverage limits to USD 250 million from USD
200 million, a 25 percent increase.
According to Ben Tucker, Head of
US terrorism and political violence insurance, "Terrorism
events in every corner of the world are prompting businesses
worldwide to take a hard look at the risk that terrorism poses to
their property and operations. They are looking for higher levels
of financial protection to meet increased terrorism concerns and
with this increase, we're better equipped to address more of their
coverage needs."
XL Catlin's standalone Terrorism insurance policy helps US
businesses address potential insurance coverage gaps provided by
the federal Terrorism Risk Insurance Program Reauthorization Act
(TRIPRA). XL Catlin's terrorism insurance coverage includes:
- Coverage for direct physical loss or damage and resulting
business interruption;
- Terrorism liability/general liability for bodily injury and/or
physical damage resulting from an act of terrorism;
- A broad definition of terrorism including coverage for acts
perpetrated for political, religious and/or ideological
purposes;
- Options to add insurance for:
-
- Chemical, biological, radiological & nuclear ("CBRN")
events
- Active Assailant insurance events
- Threat of Terrorism
XL Catlin also provides its standalone terrorism policyholders
with access to our retained consultancy, S-RM, a global business
intelligence, risk management and cyber security services firm,
that provides tailored consultancy support for pre-loss
planning and post-loss business continuity services.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group ltd.'s
(NYSE:XL) insurance and reinsurance companies which provide
property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to
XL Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin