AEGIS London underlines its commitment to Digital Trading with a doubling of capacity for it’s Terrorism product providing up to $500m per risk limits. 

AEGIS London, a leading Lloyds syndicate, has recently announced significant enhancements to its Digital Terrorism Product – SHIELD. The product is available via OPAL, AEGIS London’s API enabled quote and bind platform. This strategic move now provides up to $500 million of Lloyds capacity via consortium, up from a previous capacity of $250 million. The expansion underlines AEGIS London’s commitment to providing access to the London market via digital trading and the evolving crisis management needs of businesses in the United States.

The increased capacity reflects a growing demand for comprehensive terrorism insurance solutions among larger organizations. These businesses often operate across multiple locations with significant exposure to potential threats, making robust coverage a critical component of their risk management strategy. By doubling its available linesize, AEGIS London ensures it can cater to the requirements of national enterprises rather than just the previously targeted SME’s, providing them with tailored solutions that address their individual risk profiles.

 

Enhancing Sub-Limits to Address Emerging Threats

In addition to the capacity increase, AEGIS London has made noteworthy updates to its sub-limits. The Active Assailant sub-limit has been raised to $1 million, reflecting the unfortunate rise in shooting incidents across the United States. This enhancement responds to the growing insured demand for protection against such events, which can have devastating impacts on businesses and communities alike.

Further strengthening its offering, AEGIS London has introduced standardized sub-limits for Denial of Access and Loss of Attraction. Each policy now includes $5 million in coverage for these exposures as a standard feature. Denial of access coverage mitigates losses resulting from restricted access to insured properties due to covered events, while loss of attraction addresses revenue impacts stemming from diminished foot traffic or visitor numbers following a covered incident. These additions align with the modern risk landscape, ensuring businesses are comprehensively protected against a broader range of scenarios. This will compliment the soon to be released standalone Terrorism Liability product which will also be available via OPAL.

 

Streamlined Quote and Bind via OPAL

All these enhancements are seamlessly accessible through OPAL, AEGIS London’s innovative quote-and-bind platform. Designed to simplify the insurance process for brokers and insureds alike, OPAL delivers instant quotes, streamlined policy issuance, and the flexibility to customize coverage. The platform’s user-friendly interface and efficient workflows enable brokers to secure the enhanced SHIELD (Terror) coverage with ease, ensuring a faster response to client needs.

 

A Strategic Response to Market Demands

The decision to bolster SHIELD (Terror) with increased capacity and enhanced features reflects AEGIS London’s proactive approach to market demands and emerging risks. By expanding its product’s scope and accessibility, the company positions itself as a leader in the US terrorism insurance market, offering unparalleled value and peace of mind to its clients.

In a time of heightened awareness around terrorism and active assailant risks, these updates demonstrate AEGIS London’s dedication to staying ahead of the curve. By prioritizing the needs of businesses and continuously innovating its offerings, the company ensures it remains a trusted partner in risk management for organizations across the United States.

For more information about the enhanced SHIELD (Terror) product and to explore coverage options, visit the OPAL marketing site (Home | AEGIS London)  or contact your AEGIS London representative.