AEGIS London has doubled the level of Lloyd’s capacity for its terrorism cover from US$250m to US$500m.
Available through OPAL, AEGIS London’s digital quote-and-bind platform, SHIELD (Terror) is designed for larger US organisations operating across multiple locations with significant exposure to terrorism risks.
Calum Williams, digital development manager at AEGIS London, said: “Our decision to expand SHIELD (Terror) with increased capacity and enhanced features reflects our commitment to staying ahead of evolving global terrorism risks, and helps our customers have the coverage they need in an increasingly unpredictable world.
“In a time of heightened awareness around terrorism and active assailant threats, broadening our product’s scope and accessibility reinforces AEGIS London’s leadership in the US terrorism insurance market.”
In addition to the capacity increase, AEGIS London has updated the product’s sub-limits. The Active Assailant sub-limit has been raised to US$1m in response to growing insured demand for protection against shooting incidents across the United States.
It has also introduced standardised sub-limits for Denial of Access and Loss of Attraction. Each policy now includes US$5m in coverage for these exposures as a standard feature.
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