AIG deal locks Validus' Talbot out of UK terror

Talbot will have to cease underwriting UK terrorism cover after
parent company Validus' takeover by AIG since the acquirer is a
member of Pool Re.
It is unlikely that Talbot's withdrawal from the UK terror
market will lead to significant staff changes at the company as its
terrorism team also writes both US and international business.
UK terrorism represents around $8mn in annual premium for
Talbot. The carrier is one of the largest underwriters of political
violence insurance in the...