DUAL North America announced today a comprehensive, standalone political violence and terrorism program being offered throughout our international network of experienced underwriters and supported by a panel of Lloyd’s and A+ rated carriers. The new program, which is being offered and underwritten through DUAL in the US, will offer coverage for property damage, liability, and business interruption for properties across several industries with limits up to $150 million.
The standalone political violence and terrorism insurance market continues to provide coverage for commercial businesses as an alternative to coverage under the Terrorism Risk Insurance Act of 2002 (TRIA) in the US. This product is also designed to serve companies that are not eligible for coverage under TRIA, offering coverage for both TRIA certified and non-certified risks, with no distinction made between the two.
DUAL’s Political Violence solution will consider the following risks:
• Commercial Real Estate
• Retail and Commercial Properties
• Entertainment and Sports Venues
• Industrial and Manufacturing sites
• Power & Energy facilities
• Construction projects
• Real Estate Portfolios
Patrick Small, leader of DUAL Property Practice, will spearhead the program in the United States. Tim Woodhouse, UK Managing Director, Political Violence at DUAL Group, will lead the program in the UK. By underwriting this program through their international network of offices, DUAL can offer region-specific and appropriate coverage for clients.
John Johnson, CEO, DUAL North America, said: “This offering is a perfect example of the benefit of being part of one of the world’s largest international MGAs. We are able to collaborate across our international network to allow a global reach on a product in demand in several territories. These kinds of cross-border opportunities will continue to be deployed so that we are providing the best possible service and product offering to our clients.”
Read more about this program on our site.