Markets/Coverages News

Argo Pro, BlueChip Underwriting Services Launch Transactional Risk Program

Argo Pro, a member of Argo Group International Holdings, Ltd., has partnered with BlueChip Underwriting Services LLC to provide transactional risk insurance to facilitate mergers and acquisitions. BlueChip will sell and underwrite this suite of products, including Representation & Warranties, …

Hiscox UK & Ireland Launches Media & Creative Industries Product Suite

Specialist insurer Hiscox said it is addressing new exposures faced by the media and creative industries with the launch of two tailor-made professional indemnity products focused on those working within digital marketing and event organizations. The insurer has also further …

Markel International to Enter Surety Market in March 2017

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’ combined experience in the surety and trade credit industries. …

RRS to Address Auto Coverage Gap Through Xpress Autoguard Program

Reliance Risk Solutions (RRS), the high net worth personal insurance division of Appalachian Underwriters, has developed a new program to address the coverage gap for many personal and commercial automobile policies with regard to physical damage loss settlement. RRS’s Xpress …

Chubb Expands Global Cyber Facility with Multiline Peril Endorsements

Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address exposure gaps in their insurance portfolio and respond to the concerns of their c-suite and board. First introduced in 2015, …

Colombia’s Insurance Regulator Approves Use of AIR’s Earthquake Model

Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. “The Colombian government …

Florida-based American Integrity Launches Golf Cart Insurance

American Integrity Insurance Co., a Florida-based insurance provider, has launched a standalone golf cart insurance program. The American Integrity golf cart insurance policy will have similar coverage types that are often seen in an auto insurance policy with protections such …

Ironshore Forms Oil & Gas Facility for Middle Market Energy Sector

Ironshore Specialty Casualty has formed Ironshore Energy Solutions, a dedicated oil & gas facility, offering liability coverages for on-shore middle market energy classes in the United States. Ironshore Insurance Services LLC, its specialty managing general agency, will deliver capacity to …

Palomar Specialty Launches Residential Flood Program in California

Palomar Specialty Insurance Co. has launched Flood Guard, a private flood program in California that uses an advanced and granular proprietary rating system. Palomar used catastrophe modeling firm AIR Worldwide’s probabilistic flood model for the United States in its rate …

International Drone Racing Association Launches Primary Coverage for Drone Pilots

I The International Drone Racing Association (IDRA) has launched a primary UAV aircraft liability insurance policy to cover drone pilots worldwide. Included with the rollout of IDRA’s membership service, each IDRA member will be insured, with a $1 million UAV …