Ensurance enters terrorism and sabotage market
Ensurance UK Limited (Ensurance), the specialist MGA and Lloyd’s Coverholder has added to its product lines with the launch of a new Terrorism and Sabotage offering. The product is will support the construction focus of Ensurance as well as other trade sectors, notably in the UK, with US, and Australian markets to follow later this year
The new product offers full terrorism and sabotage cover for businesses and a range of policy extensions including non-damage business interruption, denial of access, loss of attraction, and active shooter.
Terrorism and Sabotage will be supported by a new team of specialists; Becky Steel and Dan Moorcraft join from Omnyy LLP. Becky was the Head of Global Property and Terrorism, and has previously held senior roles at AON Re and AXA Re. Dan was a terrorism underwriter; prior to this he held specialist senior technical roles at AAAIRB and Lloyd & Partners Ltd.
Tim James, CEO of Ensurance commented;
“There is a growing demand for terrorism and sabotage cover from the construction industry, however Government-backed pools don’t always provide the necessary extensions of cover. We’ve responded to this by developing a product which is competitively priced, offering excellent coverage, backed by the security of both Company and Lloyd’s capacity.
“We’re pleased to have attracted people of Becky and Dan’s calibre to Ensurance. They have an excellent reputation in the market and bring a wealth of expertise to the team.”