The latest from AEGIS London for you;
AEGIS London, a top quartile Lloyd’s syndicate, has enhanced its Digital Terrorism Product – SHIELD (Terror) – doubling the level of Lloyd’s capacity from $250m to $500m. The product is backed by an AEGIS London-led consortium and provides terrorism coverage tailored to the evolving needs of U.S. businesses through their surplus lines brokers.
Available through OPAL, AEGIS London’s digital quote-and-bind platform, the increased capacity reflects a growing market demand for terrorism insurance solutions. The enhanced product is designed for larger organisations operating across multiple locations with significant exposure to terrorist risks.
By doubling the available line size, AEGIS London can now cater to the requirements of national enterprises in addition to the product’s original SME clients.
Calum Williams, Digital Development Manager at AEGIS London, said: “Our decision to expand SHIELD (Terror) with increased capacity and enhanced features reflects our commitment to staying ahead of evolving global terrorism risks and helps our customers have the coverage they need in an increasingly unpredictable world.
“In a time of heightened awareness around terrorism and active assailant threats, broadening our product’s scope and accessibility reinforces AEGIS London’s leadership in the U.S. terrorism insurance market.”
Enhanced sub-limits addressing emerging threats
In addition to the capacity increase, AEGIS London has updated the product’s sub-limits. The Active Assailant sub-limit has been raised to $1m in response to growing insured demand for protection against shooting incidents across the United States.
AEGIS London has also introduced standardised sub-limits for Denial of Access and Loss of Attraction. Each policy now includes $5m 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.
Concluding, Tom Squires, Head of Digital Trading at AEGIS London, said: “Expanding SHIELD (Terror)’s capacity to $500 million is a strategic move to meet the evolving needs of businesses facing complex terrorism risks. By enhancing our product’s accessibility and features, we’re reinforcing our commitment to innovation, digital trading, and helping clients have the robust protection they need in a volatile and uncertain environment.”
For more information about the enhanced SHIELD (Terror) product, visit the OPAL marketing site (Home | AEGIS London) or contact your AEGIS London representative.
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