Markets/Coverages News

XL Catlin Adds Rectification Expense Coverage to Contractors’ Policies

XL Catlin’s Environmental insurance business has added new protection to its Contractor’s Professional and Pollution Legal Liability insurance to help contractors and environmental consultant clients absorb the costs of fixing an issue or mistake. The new coverage addresses contractor professional …

ESIS Launches Healthcare Industry Risk Management Practice

ESIS, Inc., Chubb’s risk management services division, has launched a new industry practice dedicated to serving the claims and risk management needs of healthcare organizations and life sciences firms. The ESIS Healthcare Industry Practice includes a full range of claims …

XL Catlin, A.J. Gallagher to Offer ‘Lifestyle’ Coverage for Art Collectors in New York

XL Catlin and A.J. Gallagher have formed an exclusive underwriting agreement to offer a lifestyle insurance program for young and new art collectors in New York City. The policy, known as “Five for Five”, features five specialized insurance coverages – …

Aon Benfield Enhances Poland Flood Model

Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched a new version of its catastrophe model to enhance understanding of the financial impact of floods in Poland. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon …

AIG to Offer Crowdfunding Investor Protection in UK and Canada

American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms against issuer fraud. Crowdfunding platforms enable innovators to fund their ideas …

Liberty International Underwriters Launches Auto Parts Recall Policy

Liberty International Underwriters, part of Liberty Mutual Insurance, has launched an Automotive Components Product Recall Policy designed to cover first and third party recall expenses. The policy coverage encompasses critical, noncritical and after-market parts with limits of $5 million primary and …

Program Administrator SIS Appointed Lloyd’s Coverholder

Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a Lloyd’s coverholder. The coverholder undertaking allows SIS to access Lloyd’s syndicates directly, and expands the company’s overall capability to deliver …

Chubb Focuses on Continental European SMEs with ‘Easy Solutions’ Proposition

Chubb has launched Chubb Easy Solutions, its proposition for brokers and their small and medium sized clients in Europe. Backed up by a dedicated underwriting team, Chubb Easy Solutions provides cover through a simplified underwriting process, enabling brokers to obtain quotes …

Chubb Agribusiness Adds Product Withdrawal Coverage

Chubb Agribusiness has added product withdrawal coverage to its package policy for businesses that grow, manufacture, and distribute consumable products. The new coverage insures the expenses as a result of a withdrawal initiated by the insured or a governmental authority. …

Berkshire Hathaway GUARD Adds Lawyers PL Program, Plans Other Product Launches

Berkshire Hathaway GUARD Insurance Companies is now offering a lawyers professional liability policy in California, Maryland, New Jersey, Pennsylvania, Texas, and the District of Columbia with ten more states planned in 2016. Available as either a complement to other policies …