Ensurance launches terrorism and sabotage insurance early in US and Australia

Specialist managing general agent (MGA) and Lloyd’s coverholder Ensurance has extended its terrorism and sabotage insurance to the US and Australian markets ahead of schedule.

The MGA accelerated its plans, which were to offer the product in these two countries later in the year, after the UK roll out of the product received a positive response from brokers.

Property cover will be available in the two nations to close the gap where extended protection is needed. The product, launched in the UK in May this year, offers full terrorism and sabotage insurance for businesses and a range of policy extensions, including non-damage business interruption, denial of access, loss of attraction, and active shooter.

Tim James, CEO of Ensurance, said: “The response we’ve received from brokers since launching our terrorism and sabotage offering to the UK property market has been considerable. This has enabled us to bring forward our plans to expand our product to the US and Australia where we’ve identified a similar challenge in terms of a lack of existing facilities that provide the required extensions of cover.

“We hope to replicate the early success our terrorism and sabotage underwriting team has achieved in the UK as we continue to grow the range and geographic reach of our book.”

In May, Ensurance brought in a new team of specialists to work on the product, including Becky Steel and Dan Moorcraft.

At the time James highlighted the “growing demand” for this type of cover from the construction industry, adding that government-backed pools “don’t always provide the necessary extensions of cover”. The company initially developed the cover in direct response to this, he said.

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