Log In

Reset Password
BERMUDA | RSS PODCAST

Catlin introduces new terrorism product

Catlin Group’s London-based underwriting subsidiaries have launched a new terrorism insurance product.

The specialty property and casualty insurer and reinsurer, which began underwriting insurance covering chemical, biological, radiological and nuclear losses (CBRN) in 2006, says the new offering will also cover unique crisis response services.

The ‘UK Asymmetric’ product, underwritten by the Catlin Syndicate at Lloyd’s and Catlin UK, 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 terrorist threat.

UK Asymmetric includes pre-incident support and post-incident response services provided by SecureBio, a UK-based firm manned by highly trained ex-UK Military and Police specialists. The company specialises in providing high-security solutions delivered by experienced CBRN experts.

The unique services that can be provided by SecureBio include reviews of CBRN resilience plans, crisis response training, quarterly threat intelligence updates, rapid post-incident response, clean-up and decontamination management and liaison with government authorities.

“The UK Asymmetric product is a unique solution for assureds that goes far beyond current terrorism insurance offerings, either from state-backed terrorism pools or private insurers,” said Will Farmer, a Catlin underwriter specialising in terrorism insurance.

“Catlin’s partnership with SecureBio is key to this product. SecureBio is a pioneer in this field with a highly experienced team of operators and has a proven track record in dealing with CBRN incidents.”

While the broadest coverage is currently only available for UK-based risks, the company says variations of the product are available to assureds worldwide.

You must be Registered or to post comment or to vote.

Published January 24, 2013 at 8:00 am (Updated January 23, 2013 at 9:50 pm)

Catlin introduces new terrorism product

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon