Markets/Coverages News

Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion

Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily serves clients in the insurance, financial services and …

XL Catlin Launches Environmental Solution in Ireland

XL Catlin announced the launch of a new environmental insurance solution in Ireland, which is tailored to address the Environmental Protection Agency’s (EPA) Guidance on Financial Provision for Environmental Liabilities. A key stipulation of the guidance, published in October 2015, …

BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W

Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team of marine specialists,” said John Evans, …

Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities

Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing structures. Brexit Navigator is supported by an interactive tool that presents scenario-based …

Normandy Insurance Expands Workers’ Compensation Coverage to Georgia

Florida-based workers’ compensation carrier Normandy Insurance Co. has expanded its coverage into Georgia, bringing the total number of states it offers coverage to two. The company also writes coverage in Florida. In addition to expanding its operations into Georgia, Normandy …

Beazley, VALE Partner on Environmental Coverage for Small, Mid-Sized Firms

Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to US-domiciled firms with revenues of up to $15 million. VALE will offer the full suite of Beazley environmental products including contractors’ pollution liability, environmental …

Kinsale Launches Liability Coverage for Educational Institutions

Kinsale Insurance Co. (Kinsale), a subsidiary of Kinsale Capital Group, Inc., is now offering educational institution (school board) liability coverage through its Public Entity Division. The division targets hard-to-place/distressed educational institution risks that are typically non-renewed due to claim activity …

Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in Florida

Velocity Risk Underwriters has expanded its Florida home insurance products and is now writing coastal homeowners policies statewide. Velocity offers an A.M. Best “A” rated coastal homeowners program through Texas-based State National Insurance Company. Velocity had been writing home insurance …

XL Catlin Adds Clinical Trials Solution for Life Science Clients in Germany

XL Catlin’s insurance operations in Germany have announced the addition of a stand-alone clinical trials solution for life science clients. Life science companies are operating in an increasing complex and litigious environment, the company said in a statement. “They are producing a …

Chubb Expands Cyber Risk Mitigation Offerings

Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to Chubb cyber policyholders’ employees, …