PRACTICES
Specialty Reinsurance
The Speciality Reinsurance practice underwrites a focused portfolio of War, Terrorism and Political Violence (WTPV) risks on a treaty reinsurance basis.
Disciplined capacity
The practice specialises in delivering responsive and disciplined capacity to clients facing conflict-related exposures, particularly in volatile or emerging markets.
Coverage typically offered includes Terrorism, Sabotage, Strikes, Riots and Civil Commotion, Political Violence And War on Land, and can be written on a proportional or non-proportional basis.
In addition to core WTPV risks, the practice may also write:
- Standalone nuclear risks
- Retrocessional business
- Cyber physical damage, on a limited and selective basis
Strong technical expertise
WTPV remains a niche and highly specialised class. The practice brings technical expertise, disciplined underwriting, and a flexible, client-focused approach to help manage evolving political and conflict-related exposures worldwide.
It is headed up by Mark Chappels, a leading figure in the specialist terrorism reinsurance market who has almost 30 years of market experience exclusive in the political risk, credit surety and terrorism reinsurance sector.
Maximum Line Size
The account typically deploys lines of USD 2–3 million per programme, with a maximum of USD 5 million (dependent on structure and risk profile).
Capacity
Capacity is backed by an AM Best rated A- US Domiciled carrier.