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Contego provides Terrorism cover in Latin America
Contego Underwriting Limited (Contego), a leading provider of insurance and reinsurance in the Construction and Engineering market, has today announced the launch of terrorism cover for contractors, plant and machinery exposures specifically in Latin America.
Speaking about the launch of Contego’s terrorism cover, Charles Parmenter, managing director said: “The significant investment returns and opportunities available from emerging markets continue to grow but the nature of the terrorism threat changes too. Companies must now pay attention to the potential threats that exist globally and not just in countries where they may perceive the risk.
“In Latin America there has been a significant economic upturn over the last ten years bringing many of the national economies large levels of inward investment, much of it foreign. It is for this reason that we have developed this cover.Commenting further Charles Parmenter, said: . “Combining our extensive knowledge of this class with our underwriting partner’s we have been able to create a product with pre-defined limits & terms which will adequately protect our client’s in this specialist field”. He added, “This move forms part of our overall strategy to enhance our insurance products in the Contractor’s market”.
For details of this cover please feel free to contact Charles Parmenter or Anthony Willsher.
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