Lloyd's Asia insurers launch political risk consortium

Three Lloyd's insurers have formed an Asia political risk
consortium that offers increased capacity for a wide range of
political and contract frustration risks from the Lloyd's
Singapore hub.
Beazley, Chaucer and Talbot will work collectively to provide
large-scale capacity of up to $130mn for individual risks, with a
policy period of up to seven years.
Singapore is the largest Lloyd's market hub outside of
London, with gross written premiums of $680mn in 2015.
Key risks that will be covered...