A rise in global unrest has prompted Bermuda-based Ironshore International to increase the capacity for its terrorism and sabotage offerings to $400 million from the current limit of $375 million.
Ironshore’s offerinbg provides insurance protection against damage to commercial and residential property, including business interruption resulting from terrorist attacks worldwide.
"In today's increasingly uncertain world, acts of terrorism have impacted businesses worldwide. Terrorism coverage has now become an essential tool for our clients to protect against the devastation and financial loss that frequently follows terrorist attacks," said Quentin Prebble, director at Pembroke Managing Agency.
"Ironshore recognises that these events, including incidents of civil unrest, are on the rise and as a result we have increased the limit of cover that is available to our clients from a single source to $400 million."
Ironshore International, Terrorism, Bermuda