Ironshore increases terrorism coverage – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Ironshore increases terrorism coverage

Bermuda's Ironshore has boosted its insurance capacity for terrorism and sabotage coverage to $400 million.

The increase is $25 million up on the previous $375 million available to clients.

Quentin Prebble, director of Pembroke Managing Agency Limited, said: “In today's increasingly uncertain world, acts of terrorism have impacted businesses worldwide.

“Terrorism coverage has now become an essential tool for our clients to protect against the devastation and financial loss that frequently follows terrorist attacks.

“Ironshore recognises that these events, including incidents of civil unrest, are on the rise and as a result we have increased the limit of cover that is available to our clients from a single source to $400 million.”

Ironshore's terrorism and sabotage cover provides insurance protection for clients against damage to commercial and residential property, including business interruption, resulting from terrorist attacks worldwide.

Coverage is provided on either a full value or first loss basis, and optional policy extensions can respond to loss due to malicious damage, strikes, riots and civil commotions.

Ironshore offers war and terrorism cover on a worldwide basis through its Lloyd's Pembroke Syndicate 4000 platform.

Expanding line: Ironshore has increased the terrorism and sabotage coverage it offers to $400m

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

Published February 22, 2017 at 8:00 am (Updated February 21, 2017 at 8:51 pm)

Ironshore increases terrorism coverage

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