Talbot creates new terror facilities for Singapore, LatAm and Dubai markets

Validus subsidiary Talbot Underwriting has introduced three enhanced Lloyd’s led terror facilities in the Singapore, Latin American and Dubai markets.

According to the company the facilities are led by Talbot. However, capacity will be provided by Sompo Canopius for Singapore; and by Sompo Canopius, Navigators and Neon for Latin America and Dubai.

The facilities will provide a full range of political violence perils, including war coverage, writing 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 Dubai.

“The threat of terror is an ever increasing issue our clients face today,” said Steven Tebbutt, global practice leader for political violence at Talbot. “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 launched Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism.