“Terrorism events in every corner of the world are prompting businesses worldwide to take a hard look at the risk that terrorism poses to their property and operations,” said Ben Tucker, head of the firm’s US terrorism and political violence insurance.
“They are looking for higher levels of financial protection to meet increased terrorism concerns and with this increase, we’re better equipped to address more of their coverage needs,” added Tucker.
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XL Catlin has increased its available terrorism insurance coverage limit to $250 million, up 25 per cent, as demand for terrorism insurance grows.