Markets/Coverages News

Philadelphia Enhances Fine Arts Coverage for Museums, Cultural Institutions

Philadelphia Insurance Companies (PHLY) has created new insurance coverage for museums and cultural institutions through a partnership with its sister company, Tokio Marine America (TMA). The partnership gives PHLY increased capacity up to $100 million per location for fine arts …

Palomar Specialty, Cabrillo Coastal Launch Homeowners Program in Mississippi

Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage through Cabrillo-appointed agents. Mississippi represents the second state in which Palomar Specialty offers …

W. R. Berkley Forms Cyber Risk Unit with Chubb’s Vispoli at Helm

W. R. Berkley Corp. announced the formation of Berkley Cyber Risk Solutions. The new organization will offer specialty commercial insurance coverages on a worldwide basis to clients of all sizes on behalf of W. R. Berkley Insurance Group member insurance …

Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders

Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and coverholders, called “Advantage.” Designed to capture all information …

XL Catlin Adds Terrorism & Political Violence Coverage to Property Program

XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s Platinum Property program allows businesses to address 100 percent of their commercial property risks under one policy form, with one …

BHSI Adds EPLI Coverage to Executive First Product Suite

Berkshire Hathaway Specialty Insurance (BHSI) has added employment practices liability insurance (EPLI) to its Executive First suite of policies. This new policy provides coverage for companies facing harassment, discrimination and other claims initiated by employees, regulators, customers, and others. The …

Ian H. Graham Adds Umbrella Coverage to Product for Community Associations

Ian H. Graham Insurance (IHG), a division of Aon Affinity, has expanded its suite of products with CNA to include umbrella insurance for community associations, in addition to its directors’ and officers’ (D&O) liability and crime insurance. IHG will have …

Berkley Programs, SPS Launch Inland Marine Program for Southeast Lumber Firms

Berkley Program Specialists and Specialty Program Solutions (SPS) have created a new inland marine program for mobile equipment and machinery used by logging, lumbering and construction companies located in the Southeast. Coverage for first party physical damage is extended to …

Arch Launches New Network Security & Privacy Products

Arch Insurance Group, a division of Arch Capital Group Ltd., has launched a new network security & privacy product. The new Arch Netsafe 2.0 is designed to protect a company’s liability to third parties and their own business income and …

Brit Launches Diamond Processing Consortium with Capacity Up to $50M

Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the London market. “The consortium, which is led by …