Feb 08, 2017
Talbot Underwriting Announces Three Enhanced Terror Facilities
LONDON--(BUSINESS WIRE)--Feb. 8, 2017--
Talbot Underwriting Ltd. (“Talbot”), a wholly owned subsidiary of
Validus Holdings, Ltd. (“Validus”), today announced the successful
launch of three enhanced Lloyd’s led terror Facilities in the Singapore,
Latin American and Dubai markets.
In response to the increasing demand for this distinctive coverage,
these Facilities offer a full range of political violence perils,
including war coverage.
The Facilities are led by Talbot with capacity provided by Sompo
Canopius for the Singapore Facility and by Sompo Canopius, Navigators
and Neon for the Latin American and Dubai Facilities. The Facilities
will write terror risk of up to $150 million on any one risk in
Singapore and $175 million on any one risk in both Latin America and
Steven Tebbutt, Global Practice Leader for Political Violence at Talbot,
said: “The threat of terror is an ever increasing issue our clients face
today." He added, “In response to the increasing demand, these
facilities have been tailored with broader cover and increased capacity
to enable us to provide solutions and enhanced limits to our clients.”
Talbot also recently announced the successful launch of the only Lloyd’s
led consortium for nuclear, biological, chemical and radiological (NBCR)
About Talbot Underwriting Ltd.
Talbot Underwriting Ltd operates within the Lloyd’s insurance market
through Syndicate 1183. Syndicate 1183 focuses on underwriting a number
of specialty risks including marine, aviation, transport, energy,
terrorism, political risk, accident and health, construction,
contingency, financial institutions, property and treaty reinsurance.
Syndicate 1183 has capacity of £600 million for the 2016 underwriting
year of account.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. ("Validus") is a holding company for reinsurance
and insurance operating companies and investment advisors including
Validus Reinsurance, Ltd. (“Validus Re”), Talbot Underwriting Ltd.
(“Talbot”), Western World Insurance Group, Inc. (“Western World”) and
AlphaCat Managers, Ltd. (“AlphaCat”).
Validus Re is a Bermuda based reinsurer focused on treaty reinsurance.
Talbot is a specialty insurance group primarily operating within the
Lloyd's insurance market through Syndicate 1183. Western World is a U.S.
specialty lines insurance company focused on excess and surplus lines.
AlphaCat is a Bermuda based investment adviser managing capital for
third parties and Validus in insurance linked securities and other
property catastrophe and specialty reinsurance investments.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170208006078/en/
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat
+65 6303 9531
Political Violence Underwriter
+562 2797 0303