contractors insurance News

Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance

Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverage purchased on Slice’s platform is …

Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK

Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James, subject to regulatory approval. James led the successful …

Digital Wholesaler Pathpoint Adds Contractor Liability Markets

Digital wholesaler broker Pathpoint reported it now has a new general liability submission and instant quoting service for contractor segments, with participation from leading contractor excess and surplus markets. Contractor-specific coverages available through Pathpoint’s web-based platform include builders, construction, carpentry, …

France’s AXA Insures 2 Notre Dame Contractors, Some Religious Artworks

French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame’s restoration prior to the blaze that devastated the cathedral. The fire ripped through the cathedral’s roof, where workers …

EC Insurance Begins to Transfer Business to Markel International Paper, After Acquisition

EC Insurance Company Ltd. (ECIC), the specialist insurer for the contracting market, has begun the process of transferring business over to Markel International Insurance Co. Ltd. (MIICL), following ECIC’s acquisition by Markel in November 2017. Sevenoaks, England-based ECIC provides insurance …

Markel Completes Acquisition of UK Building Services Insurer EC Insurance Co.

Markel International, the specialist insurer, has completed its acquisition of EC Insurance Co. Ltd. (ECIC), having received approval from the Prudential Regulation Authority. Sevenoaks, England-based ECIC provides a wide range of insurance products for contractors and affinity groups across the …

BHSI Introduces Contractors Plant & Equipment Cover in Australia

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced a new Contractors Plant & Equipment (CP&E) policy for customers in Australia. “With this new policy, contractors can easily and efficiently address their property damage and liability exposures, including road …

Markel to Acquire UK Building Services Insurer EC Insurance Co.

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, plans to acquire the business of EC Insurance Co. Ltd. (ECIC). Sevenoaks, England-based ECIC, whose ultimate parent is the Electrical Contractors’ Association, provides a wide range of insurance products for …

Travelers Enhances Contractors Professional, Pollution Liability Coverage

Travelers has enhanced its product offering for contractors by combining professional liability and pollution liability coverages. The product now offers additional protection against environmental damage caused by design errors. According to Adrienne Atwell, chief underwriting officer for Travelers Environmental & …

BHSI Launches Professional & Pollution Liability Coverage for Contractors

Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific risks in the U.S. Martin Andrejko, head of Contractors Professional, BHSI, said …