London Market wholesale insurance broker, Evolin Broking (formerly GAWS), has launched a new terrorism facility, Assailant Protect, underwritten at Lloyd’s of London.

Led by Chaucer, the facility has up to US$500m limit per policy and can include various optional coverages. It also has an active assailant product which has embedded non-insurance elements.

Separately, Evolin has also placed a new cyber facility, Cyber Secure, targeting SME and mid-sized firms with revenues of up to US$100m. The facility has a US$5m policy limit.

Warren Campbell, head of portfolio solutions, Evolin, said: “These facilities are an example of Evolin’s altruistic strategy of evolving with our clients’ needs. We have the structure and subject matter expertise to produce innovative products which increase market efficiency and client satisfaction. We look forward to working with Chaucer and the supporting markets to fulfil our clients’ needs.”

Elizabeth Heslip, class underwriter in the political violence and crisis management team at Chaucer added: “We are delighted to partner with Warren and the team at Evolin to provide leading capacity for this new facility. As a leader in political violence, we are confident that by combining our expertise with Evolin’s strong presence in the market, this facility will grow successfully.”

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