Markets/Coverages News

Everest Insurance Launches Auto Buffer Coverage for Large Motor Fleets

Everest Insurance has launched an auto buffer product for U.S. clients with well managed motor fleets of 250 to 1,000 units. The product will be offered through a limited network of appointed wholesale brokers specializing in the transportation market. Connie …

Ironshore Expands High Net Worth Homeowners Coverage Into New York

Ironshore Private Client Group has expanded its Private Insurance Portfolio product to high net worth homeowners throughout the state of New York, effective Jan. 23, 2017. Ironshore Private Insurance Portfolio, a customized policy providing property and liability coverage for homes …

Startup Next Insurance Partners with Markel on Insurance Fit for Personal Trainers

Online small business insurance agency Next Insurance has partnered with specialty insurer Markel Corp. to offer tailored coverage for personal trainers. Next Insurance allows personal trainers to buy a professional and general liability coverage plan online in minutes and pay …

Aon Launches Loss Estimating Risk Tool for Oil, Gas and Petrochemical Sectors

Aon Global Risk Consulting, in collaboration with TNO, a research agency, has launched the Aon Loss Estimating Risk Tool (ALERT), a new modelling tool for oil, gas and petrochemical clients. The new tool is able to model the potential financial …

Charity First to Move Nonprofit Program to Nova Casualty Co.

Property and casualty program manager Charity First has announced plans to transition its nonprofit and social service business to Nova Casualty Co., a specialty program carrier and a member of AIX Group. The move will enable Charity First to offer …

Maritime Program Group Expands Into Additional Ocean Marine Classes

Maritime Program Group, Inc. of Westbrook, Conn., has expanded their ocean marine programs to include a new underwriting facility targeting commercial shipyards, terminal operators, ship repairers, stevedores, port authorities and wharfingers. Marine coverages can be offered stand-alone or packaged with …

Beazley Launches Pleasure Craft Cover on E-Trading Platform

Beazley, a specialist marine insurer, announced that its custom pleasure craft insurance is available to quote and bind via the myBeazley online risk platform. Beazley pleasure craft policies cover a wide range of vessels, from small boats to luxury yachts, …

PURE Launches E&S Product for High Net Worth Homeowners in Florida

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has launched PURE Programs, an excess & surplus lines (E&S) homeowners product for individuals with higher risk homes insured for $1 …

Corrected: Zurich to Underwrite Distinguished Programs’ New York Brick & Brownstone Program

The New York Brick & Brownstone program offered by Distinguished Programs, a national real estate insurance program manager, is now being underwritten by Zurich. The NY Brick & Brownstone program is designed for owner- or tenant-occupied properties primarily located in …

ASAE, Aon Enhance D&O Liability Coverage for Associations

ASAE, The Center for Association Leadership, has enhanced its Directors’ and Officers’ (D&O) Insurance Program offered through Aon Affinity Nonprofits in partnership with Arch Insurance Co. The ASAE endorsed multi-coverage product includes broader, more competitively-priced D&O insurance coverage to meet …