Pool Re to operate as it currently does until 31 March 2021, while a range of options are considered.
Newbridge was founded in 2015 as part of Castel’s MGA formation platform.
Offering is targeting renewable energy companies that operate domestically and abroad.
Move follows Pool Re’s extension of its cover to include non-damage business interruption.
The Counter Terrorism and Border Security Bill, which outlines how Pool Re can operate, received Royal Assent yesterday (13 February).
The insurance has been developed to recognise the changing nature of terrorist attacks.
NMU's Nick Limb examines how the nature of terrorism has evolved and addresses the broker role in protecting clients.
Document has 30 calls to action and 26 commitments.
Provider says reorganisation will not result in any branch closures and that it plans to keep existing staff wherever possible.
The regulator stuck with Aon as its broker.
The product is designed to help customers understand their terrorism risk and will be distributed via brokers.
Insurers vote for MIB to handle terrorism claims where a vehicle has been used as a weapon in a move welcomed by Biba.
MGA criticises Pool Re.
New offering can be bought on a maximum limit basis.
MGA’s product available online.
New offering has $25m of capacity for any one risk.
The insurance industry has also grown its focus on terrorism insurance products following recent attacks.
The enhanced product, available to all Acturis brokers, now includes non-damage business interruption extensions as standard for denial of access and loss of attraction exposures.
Paul Bassett, managing director – crisis management, at Arthur J. Gallagher, discusses how brokers can support their SME clients.
The first product covers political violence and its development is the first step in building a "strong" London underwriting business.
Products include cover for airline failure, supplier failure and terrorism.
The MGA has teamed up with Lloyd’s insurer Atrium Underwriting to provide the cover.
Product protects against threats as diverse as terrorism, bribery, extortion and industrial espionage.
Travel and terrorism insurance for employees is not just a perk for big multi-nationals, it is an often essential cover for small businesses too, explains Edward Murray