Moving with the times
Prior to 9/11, the market for stand-alone terrorism insurance was limited to providing solutions for property owners and trade/investment exposures in countries with elevated terrorism risk.
Separately there were several local pooling solutions to address domestic terrorism – including Pool Re, Sri Lankan Pool, SASRIA, Consorcio. The largest providers, outside of the pools, were Lloyd’s of London (Lloyd’s) and American International Group (AIG) with whom limits of up to US$200m could be built. The market has evolved rapidly post 9/11.