increased capacity News

AIG Increases Property Terrorism Capacity to $1B

American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within AIG’s Large Limits property insurance offering, which provides …

Beazley Doubles Environmental Risk Capacity to $50M with Lloyd’s Consortium

Beazley, the London-based provider of specialist environmental liability insurance, has doubled its capacity for operational and fixed site environmental risks to $50 million. Covering the environmental liabilities of large multi-national companies, the increased limits are backed by the Beazley Elements …

Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million

The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional property/casualty insurance carrier’s previous capacity was $90.5 million. According to a statement …

Great American Public Sector Increases Casualty Capacity

Great American Insurance Group has added an additional $10 million in casualty capacity for public sector risks attaching $10 million or higher. When attached to a risk in conjunction with Great American Public Sector’s primary $10 million limit, a governmental …

Specialty Insurance Group Increases Casualty Capacity to $25M

Specialty Insurance Group (SIG) has increased its excess/umbrella coverage underwriting capacity to $25 million, an increase of $15 million. SIG provides specialty insurance programs in the sports, leisure and entertainment industries. According to SIG, an affiliate of Everest Re Group, …

Argo Surety, SureTec Launch Mid-Market Surety Program

Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million in contract bond capacity to select …

Hiscox Increases U.S. Terrorism Insurance Capacity to $200 Million

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 Increases Capacity to $25 Million for Energy Risks

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 …

Ironshore Increases Capacity for Select U.S. Specialty Lines

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, Ironshore …

Ironshore Canada Increases Capacity for Specialty Casualty Lines

Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013.  Ironshore Canada Specialty Casualty division offers coverages to protect a range of industry sector risks, including manufacturing, commercial construction, …