New terrorism insurance solution

Aon, Chubb and Lloyd’s have announced the launch of a new terrorism and political violence solution.
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Aon, Chubb and Lloyd’s have announced the launch of a new terrorism and political violence solution, developed as a collaboration between the three insurance entities. The solution, called Platinum, has been tailored to help multinationals navigate the complexities of regulations while simultaneously dealing with the potential risks of terrorist action and violent political instability.

Aon stated that the development of Platinum has largely been a response to clients who prefer to navigate regulatory challenges on a regional basis rather than in a centralised manner; it offers higher limits and wider cover than equivalent products in this market, according to the three companies. Centrally co-ordinated by Chubb and Aon, pricing and underwriting are taken care of through Lloyd’s, and various optional additions are available, including cyber coverage and non-damage business interruption.

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