Dual offers standalone political violence, terrorism program

Dual North America, the U.S. operations of Dual Group, on Thursday launched a standalone political violence and terrorism program, with limits of up to $150 million available.

The program will offer coverage for property damage, liability, and business interruption for properties across several industries, Dual, the underwriting arm of London-based brokerage Howden Group Holdings Ltd., said in a statement.

It is backed by a panel of Lloyd’s of London and A+ rated insurers.

Real estate, retail and commercial properties, entertainment and sports venues, industrial and manufacturing sites, power and energy facilities, construction projects and real estate portfolio are among the risks that will be considered.

The program is an alternative to coverage provided under the Terrorism Risk and Insurance Act of 2002 in the U.S. and is also aimed at companies that are not eligible for coverage under the government-backed program, Dual said.

Coverage for both TRIA-certified and non-certified risks will be offered, with no distinction between the two, Dual said.

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