Managing general agent Optio Group is offering a new political violence and terrorism product that is backed entirely by capacity from Lloyd’s. It has and limit of $150m providing cover against physical and financial threats faced by businesses and organisations. It also includes an active assailant add-on.

Angus Bailey, head of specialty at Optio, said: “Re-entering the PVT market with $150m of Lloyd’s-backed capacity is a significant milestone for Optio and underlines our dedication to delivering high-quality coverage.

“It also enables our capacity providers to capitalise on Optio’s growing distribution network, ensuring broad market reach and sustainable growth. We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners.”