Risk advisory and response firm, Inherent Risks, is to lead a risk and damage assessment on behalf of Lloyd’s underwriters following recent earthquakes in Turkey. Estimates suggest insured losses will top £1bn although underwriters and syndicates do not yet have comprehensive details of which insured properties and assets have been affected.
Dan Kaine, head of risk and crisis advisory at Inherent Risks, said: “Having deployed to many regions around the world in the wake of natural disasters, I’m extremely conscious of not placing any increased strains on local resources, or placing our teams in any unnecessary danger.”
Inherent Risks said insurance for its consultants travelling to the affected region to complete the assessment would be provided by Hotspot Cover.
