Terrorism attacks are the most devastating and expensive of events for the providers of terrorism insurance and can represent the most disruptive of events for insurance buyers. Because of the substantial losses that could be suffered following a terrorism event, some insurers and reinsurers are reluctant to offer insurance on terms and conditions that are attractive to the buyers of business insurance.
With our partner ACE Group Singapore, we can provide Terrorism Insurance for businesses in the Singapore market. Our partners are regarded as a key provider of this type of cover.
Terrorism cover is available for the following markets:
- All types of commercial property
- Power generation plants, utilities, energy process risks
- Property undergoing construction or erection
Benefits at a glance:
- Coverage can be underwritten on a standalone basis
- Coverage can be tailored to suit each specific customer
- Access to a global network of experienced Risk Engineers
ACE Group in Singapore is a member of the ACE Group of Companies, one of the world’s largest multiline property and casualty insurers. Headed by ACE Limited, the ACE Group conducts its business on a worldwide basis with a physical presence in 53 countries.
The relationship that we have built over the years with the ACE Group Singapore means that we are able to negotiate and deliver the most relevant insurance cover, not only competitively priced but also with the widest possible coverage available to match our customers’ needs.