Agents & Brokers News

ACE Westchester Extends Its Product Recall Insurance to Small Businesses

ACE Westchester has launched ACE Recall Plus for Small Business, a product that offers  product recall coverage and crisis management services to the small business market segment. The move follows an increase in the frequency and cost of product recalls …

FranchisePerils Launches Multiline Product for Franchisors

Los Angeles-based FranchisePerils, a division of ExecutivePerils Inc., has launched FranchisorSuite, a comprehensive five-in-one insurance policy written exclusively for franchisors. Tthe policy is designed to protect franchisors against the most common lawsuits filed by franchisees, investors, government agencies and their …

Chubb Survey: Attic Storage Can Cause Homeowner Grief, Hazards

Homeowners who don’t pay attention to what’s going on in their attics can face costly damage that can spread throughout their entire home, warns a new survey sponsored by the Chubb Group of Insurance Companies. According to the survey of …

Hub International Acquires Canada-Based MGA Partners

Hub International Limited, a global insurance brokerage, announced that its subsidiary Hub Financial Inc. has acquired the shares of MGA Partners Inc., an Ontario Canada-based managing general agency. Terms of the acquisition were not disclosed. The acquisition broadens Hub’s footprint …

XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps

XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

Towergate’s Secured Creditors Said to Hire Moelis for Debt Talks

Towergate Finance plc’s secured bondholders hired Moelis & Co. as advisers as they prepare for talks with the U.K. insurance broker about its $1.6 billion of debt, according to two people familiar with the mandate. Investors in the company’s 248.6 million pounds …

Liberty Mutual Offers Cyber Cover for Small, Mid-Sized Businesses

Liberty Mutual Insurance has launched cyber coverages on its commercial package products and monoline general liability policies for small- to mid-sized businesses. The new Data Security endorsement provides four optional coverages, each with separate and varying aggregate limits, sub-limits, and …

AssureStart Online Small Business Insurance Now Sold in California

AssureStart, a Seattle-based online small business insurance provider, is now open for business in California. AssureStart sells business property and general liability insurance on the Internet to small businesses with fewer than 30 employees. By answering a few questions on …

Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners

As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler (HSB) to offer cyber insurance coverage for small business owners. The services and coverages help small businesses respond …

Cooper Gay Creates Latin American Energy Practice

Cooper Gay Miami, the Latin American headquarters of global reinsurance, wholesale and specialty broker Cooper Gay Swett & Crawford (CGSC), announced the creation of a Latin American energy practice. The practice will target regional business with a particular focus on …