New WTW-Markel Insurance Plan Offers Tailored Coverage for War, Terror, and Confiscation Threats

Willis, a WTW business (NASDAQ:WTW), has launched ‘Undercover', a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide.

Developed by Willis in a joint proposition with specialist insurer, Markel, Undercover offers a unique approach to the risk transfer of cargo, war on land, terrorism, political violence and confiscation coverage, with sections of coverage selected based on the individual needs of the client. This single-facility approach minimizes coverage gaps and reduces the likelihood of claims disputes, as well as removing the need to establish the motivation for a claim.

In challenging times of political instability, Undercover offers certainty of cover to cargo owners. It also provides protection from fluctuating insurance costs when country risk ratings change, as cargo cover is frequently provided on a global basis.