Markets/Coverages News

Berkley to Launch High Net Worth Personal Lines Brand ‘Berkley One’

W.R. Berkley Corporation has launched a new high net worth personal lines brand, Berkley One. Set to launch its products in the latter half of 2017, Berkley One will offer specialty personal insurance coverages to sophisticated individuals and families, supported …

XL Catlin Launches Emergency Security & Disaster Evacuation Solution

XL Catlin’s insurance operations announced the launch of an Emergency Security and Disaster Evacuation (ESDE) solution for businesses with employees working internationally. This new solution, underwritten out of London, Guernsey, Hong Kong and Singapore, has been designed to respond to …

Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)

Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for Syndicate 3334 in 2017 to £122.5 million ($152.9 million). Gross written premium …

RMS Peru Earthquake Model and Actuaries Climate Index Are Launched

RMS and a group of actuarial societies each rolled out new products designed to respectively help measure risks related to earthquake and weather events. In RMS’ case, the catastrophe modeling firm gained regulatory approval in Peru to start marketing its …

Dairyland and Direct Writer Elephant Auto to Provide Motorcycle & ATV Coverage

Elephant, a direct-to-consumer car insurance company, has partnered with Dairyland, a provider of specialty insurance, to offer coverage for motorcycles, ATVs and similar vehicles. The new partnership with Dairyland, which has been offering motorcycle insurance since 1966, will enable Elephant …

DUAL Commercial, Aspen Insurance Partner on Management Liability Program

DUAL Commercial, a subsidiary of the Hyperion Insurance Group Limited, has partnered with Aspen American Insurance Co., part of Aspen Insurance Holdings Limited, enabling DUAL to provide a broader management liability product offering for both private and not-for-profit entities. Aspen …

Hong Kong-Based Latitude Brokers Launches P&I Club Comparison Tool

Latitude Brokers, the Asia-based marine insurance specialist, has launched PILOT, an online protection & indemnity (P&I) club comparison tool. In time for the 2017 P&I renewal season, PILOT distills critical information for each club in the International Group (IG) “into an …

QBE, SUA Agency to Offer Professional Liability Coverage to Mortgage Specialists

QBE North America has formed a program underwriting agreement with Stateside Underwriting Agency (SUA) to offer its clients who are title agents, abstractors and escrow agents professional liability insurance for primary and excess coverage. Mortgage company professional liability and mortgage …

XL Catlin Enhances D&O Offering in France

XL Catlin has enhanced its directors & officers insurance offering in France with the launch of three coverages catering respectively to mid-sized companies, publicly listed companies and financial institutions. These solutions protect business leaders – whether they act as CEO, …

Insurtech Startup Trov Launches in UK, Offering On-Demand Coverage

The on-demand economy, which uses smartphone technology to immediately fill consumer needs, has changed the way people order food, a car, or a place to stay. Now, technology startups are targeting the next business frontier – insurance – offering coverage …