Bermuda-based insurer Hiscox yesterday announced the launch of its US-based team terrorism underwriters.

The company said it had also introduced increased its policy limits up to $100 million in central urban areas.

The team will be led by former American International Group executive Robert Cruz, who was previously practice leader for AIG's Homeland Security Solutions.

He will be joined by Christianna Coates in Manhattan and Clara Chan in Boston.

Ms Coates, underwriter of war, terrorism and political violence has been underwriting at Lloyd's for Hiscox Syndicate 33 for two years before joining Hiscox's New York team.

Ms Chan, underwriter of terrorism property joined Hiscox's US Terrorism Underwriting operation from Lexington Insurance Company, a part of the AIG group, where she was an underwriter in the property terrorism Unit.

"The threat of terrorism is a real concern for companies of all sizes," Mr. Cruz said.

"It is important for businesses to take proactive measures for ensuring that they are adequately covered in the event of terrorism. Hiscox has over 25 years experience in terrorism insurance and is a global leader in this area."