Hiscox, an international specialist insurer, has launched a U.S.-based team of terrorism underwriters. This new capability is designed to meet the terrorism insurance needs of businesses across Fortune 500 firms to private enterprise and institutions, including U.S. firms with exposure to incidents of terrorism or political violence overseas.
Hiscox also introduced increased policy limits of up to $100M USD in central urban areas, as well as a list of new products that cater to the same risk environment, including coverage for terrorism third-party liabilities and wider political violence perils.
In December 2008, Hiscox announced the appointment of Robert Cruz, a leading terrorism underwriter to head its U.S. Terrorism Underwriting operation. Prior to joining Hiscox, Cruz spent more than four years with American International Group (AIG) where he was the practice leader for AIG's Homeland Security Solutions. He directed a wide range of security operations for the AIG corporate headquarters campus in New York City, the Atlantic Coast and Canada.
Christianna Coates in Manhattan, and Clara Chan in Boston also join Cruz.
Coates, underwriter of war, terrorism and political violence, has been underwriting at Lloyd's for Hiscox Syndicate 33 for two years prior to joining Hiscox's New York team.
Chan, underwriter of terrorism property joined Hiscox's U.S. Terrorism Underwriting operation from Lexington Insurance Co., where she was an underwriter in the property terrorism unit.
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