MIB working with Aon to secure £400m of terrorism reinsurance cover
The Motor Insurers' Bureau hopes to secure £400m worth of reinsurance cover with an excess layer of £100m, ahead of the demutualisation of terrorism risks for third party motor on the 1 January 2019.
It is also close to signing a deal with a third party administrator to provide it with help during any major incident.
The news follows the vote by UK motor insurers in July for the MIB to handle and
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