At a glance
- AM Best frames the extension around terrorism and political violence, and CityScape's portfolio-level design indicates modeling across a book of insured locations rather than one risk at a time.
- For brokers and cedents placing terrorism and political violence cover, the practical effect is continuity: an existing arrangement stays in force.
- The AM Best News report does not give the extension's length, value or any widening of the perils covered.
Marsh Re extended an agreement with Synthetik Insurance Technologies covering multiperil consulting and Marsh Re's continued use of CityScape, Synthetik's portfolio-level explosion modeling tool, AM Best News reported Oct. 26.
AM Best frames the extension around terrorism and political violence, and CityScape's portfolio-level design indicates modeling across a book of insured locations rather than one risk at a time.
For brokers and cedents placing terrorism and political violence cover, the practical effect is continuity: an existing arrangement stays in force. The AM Best News report does not give the extension's length, value or any widening of the perils covered. The renewed scope is what to confirm before relying on CityScape output in a submission.
Reported by the Cat bonds & reinsurance desk from AM Best News. Published . Corrections