Worldwide Large Commercial
We insure a very wide range of insureds, from single location
firms to multinational corporations throughout the world on an All
Risks or Difference in Conditions (DIC) basis.
Our senior underwriters, writing on behalf of Lloyd’s syndicates
2623 and 623, lead both primary and excess commercial property
business, and provide substantial capacity to key customers who are
committed to managing their own risks and who look for long term
stability in price and relationship. With the support of
recognised engineers we work with our customers on all aspects of
risk management and control.
We place strong emphasis on service to enhance
our product through high underwriting skill levels, accompanied by
in-house technical support from claims, catastrophe modeling, and
policy wordings specialists. We have taken a market leading
position on contract certainty fulfilment.
Coverage
Financial loss as a result of physical
damage to buildings, contents, machinery, equipment and stock, as
well as losses reducing business turnover caused by insured
perils.
Commercial Property Worldwide All Risks Insurance provides
comprehensive coverage for the risks to which properties around the
world are exposed, whether they arise from perils of nature or
human acts.
Worldwide Difference in
Conditions (DIC) insurance is one means of protecting against the
risks not covered in either an All Risks or a Named Perils policy.
Such a policy typically covers against perils of nature and aims to
remove the risks that commercial enterprises face in connection
with their daily activities.
Limits available
Up to US $20,000,000 any one risk
Target market
Includes commercial real estate, municipal
properties, electronics, grain, mining, retail, railroads, steel,
power generation, utilities, roads, bridges and tunnels.
Key territories
- North America
- Europe
- South East Asia
- Australasia
- Caribbean
- South Africa