Wellington Underwriting Agencies launches Avian Influenza business interruption insurance.
Wellington Underwriting Agencies Limited (WUAL) has launched a new underwriting product, Avian Influenza business interruption insurance. This product has been designed specifically for broiler farmers in the US.
The product covers business interruption incurred by US broiler farmers following the government slaughter of poultry by order of USDA following the contraction of the H5N1 strain of Avian Influenza on their farms. Wellington is the only Lloyd's insurer offering specialist H5N1 business interruption programmes for the US broiler industry.
The programme will be underwritten within Syndicate 2020's livestock disease portfolio which covers risks such as aquaculture, bloodstock/livestock (breeding and transport) and pet insurance.
Commenting on the launch, Nigel Guillaume-Smith, underwriting director of WUAL said, “We have been monitoring Avian Flu for some years. This knowledge has enabled us to create a unique product, providing coverage to US broiler farmer, which supplements US government Avian Flu response plans. This new product is an example of the type of carefully considered products which emphasises why Wellington is one of the leading Syndicates at Lloyd's. Furthermore it reinforces the creative environment fostered within the Lloyd's market and particularly at Wellington.”
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