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AEGIS launches $100m political violence consortium

AEGIS London has unveiled a new Political Violence Consortium, providing businesses with up to $100 million in coverage for a wide range of political violence and terrorism risks.

The consortium offers a comprehensive solution, encompassing perils such as sabotage, strikes, riots and civil commotion (SRCC), insurrection, revolution, war, and civil war.

The coverage is available to businesses across diverse sectors, including retail, industrial, leisure, financial, logistics, transport, and construction.

This broad sector approach reflects the increasing need for political violence and terrorism (PVT) insurance across various industries in the current geopolitical climate.

James MacDonald, War & Terrorism Class Underwriter at AEGIS London, commented on the launch, stating, “We are delighted to launch this new and compelling offering, enabling our valued brokers and clients to efficiently secure comprehensive political violence coverage through this 100% solution.”

He highlighted the growing demand for PVT insurance, driven by heightened global tensions and geopolitical stressors. He stated: “With heightened tensions and a plethora of geopolitical stressors increasingly prevalent across the globe, we see growing interest from a range of industries to secure new political violence and terrorism (PVT) insurance, along with augmented appetite from existing insureds to expand their policy limits and coverage options.”

He emphasised that the new consortium is designed to meet these evolving needs.

Matthew Yeldham, Chief Underwriting Officer at AEGIS London, added: “Our Political Violence and Terrorism Underwriting team is highly regarded in the market, and this product will make a real difference to businesses around the world seeking the necessary breadth of coverage and policy limits to secure their businesses against PVT losses. We are proud to have built this consortium.”

The launch of this market-leading new solution enables AEGIS London to offer 100% share of risk and increase its per policy capacity from $60m up to $100m.

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