Lloyd's confirmed this week that it has called on the US Treasury to recommend an extension to the Terrorism Risk Insurance Act (TRIA).
It joins US insurance industry groups including the American Insurance Association and the Council of Insurance Agents & Brokers, which have appealed to Congress to extend TRIA's "make available" provision by two years.
The provision - which requires insurers participating in the scheme to make terrorism coverage available under the same terms and conditions used for other risks - is currently due to expire at the end of 2004.
Lloyd's has added its name to the list of interested parties calling for an extension to the scheme.
Lloyd's Worldwide Markets director Julian James said: "Lloyd's market, in line with other major insurers in the US, has recommended that the 'make available' provisions of TRIA be extended."
