Victor O. Schinnerer & Company, an underwriting manager of specialty insurance, has expanded its professional liability insurance program for architects and engineers (A&E). Brokers can now procure up to $35 million in coverage on behalf of qualified and eligible A&E …
SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. According to Jorge Pecci, CEO of …
Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per loss/$100 million. This expanded capacity can be offered on both a primary layer or on an excess of loss basis. …
Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at Lloyd’s (A+ rated by S&P) and is written …
Hiscox has increased capacity to $200 million for U.S. domiciled terrorism risks. The additional capacity addresses the increased demand for standalone terrorism coverage caused by the upcoming expiration of the U.S. government terrorism insurance backstop offered by the Terrorism Risk …
Ironshore Energy Property has increased capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy sector, including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining …
Lloyd’s of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional options to complex risks for U.S.-domiciled companies. Central to the proposal …
Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt. Logan Re, which was formed in early 2013, …
Ironshore Inc. will be providing coverage of up to $50 million for selected U.S. casualty lines, as of January 1, 2014. Increased capacity, up from the current limits of $25 million, will be available in the U.S. for Specialty Casualty, …
Willis Limited, a subsidiary of Willis Group Holdings Plc, has announced the first set of insurers offering to support Global 360, which it described as “a pioneering suite of capacity facilities for its specialty insurance clients. The rollout of Willis’ …
