Transport and logistics mutual insurer TT Club has launched TTXS, which is a new facility offering higher limits across a range of liability of property covers. TT Club said the move was in response to member and broker feedback and would remove the need for many members to place separate excess policies.

TT Club said the TTXS facility enhanced standard club policies with higher limits for cargo and customer liability, third-party liability and property risks. Cover for property exposure is not available in geographies with extreme earthquake and windstorm risk. Liability coverage is available in all regions except for third party liability in the USA.

Andrew Peers, underwriting director at TT Club, said: “By leveraging our scale and market reputation, we’ve been able to secure commercial-grade capacity while preserving the flexibility, tailored pricing and personal service that define TT Club and its member-led service.”

He added: “Members purchase higher policy limits where this is a requirement under contractual agreement or where they consider this appropriate for their exposure. TTXS provides a quick and easy solution while maintaining the trusted support and benefits of a mutual, all through one point of contact.”