Markets/Coverages News

BHSI Launches Casualty Platform; Leeks Named Head of Casualty, UK & S. Europe

Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and Southern Europe, and employer’s liability insurance in the UK and Ireland, while naming Martin Leeks, senior vice president, Casualty, UK and Southern Europe. …

TMK Offers Construction Insurance in UK, Ireland via Online Broker Portal

Tokio Marine Kiln (TMK), the international specialist insurance business, has added construction to its One TMK broker portal. The tailor-made construction insurance product is underwritten through a fully automated process, TMK said, noting the platform provides an efficient way for …

Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability risks. The partnership aims to find new ways to better …

Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies

Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance Policy. The policy will provide assistance to policyholders in …

London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley

Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering third party cover up to a maximum …

High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance

For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …

Beazley Offers ‘Seamless’ Financial Lines Cover for Crime, PI & Data Breaches

Beazley has unveiled two sets of financial lines’ products for organizations domiciled outside the United States. One is designed for the specific needs of financial institutions and the other provides comprehensive management liability cover for traditional and emerging risks, the …

North Carolina’s Builders Mutual Establishes Construction Job-Site Safety Institute

Builders Mutual, a provider of commercial insurance for the construction industry in the Southeast and Mid-Atlantic, has established the Job-Site Safety Institute (JSI), a nonprofit organization that will conduct safety research for residential and commercial job-sites and produce studies on …

Allied World Expands Accounts Receivable Coverage, Adds Carson to Chicago Office

Allied World Assurance Company Holdings, has expanded its Accounts Receivable Insurance coverage to make it available in 49 states and Washington, D.C. The coverage is designed for chief financial officers and other senior financial executives to help mitigate the risk …

XL Catlin Expands M&A Insurance Product Suite, Adds New Staff to Global Team

XL Catlin has expanded its suite of mergers & acquisitions (M&A) insurance products aimed at supporting deals in the global transactional risk market, and has further strengthened its global team with three key hires. The coverages are designed for both …