Markets/Coverages News

Farmers Launches Rideshare Insurance Coverage in Georgia

Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as part of their Farmers personal auto insurance policies. Farmers …

The Hartford Launches Energy Practice, Taps Zurich’s Pena to Lead

The Hartford has launched a dedicated energy practice to provide specialized underwriting, insurance coverage and risk management services for energy companies. To help lead the company’s overall strategy for the energy industry, The Hartford has named Ric Pena vice president …

Berkley FinSecure Adds Cyber Breach Services to Management Liability Policies

Berkley FinSecure, a W. R. Berkley Company, has enhanced its management liability coverage for policyholders with the electronic banking option to include access to CYBER Carry*Thru, powered by NetDiligence. CYBER Carry*Thru is a private mobile-friendly portal containing information and technical …

PURE Insurance Launches Non-Profit D&O Coverage

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has made several enhancements to its personal excess liability coverage, including the introduction of not-for-profit directors & officers (D&O) liability coverage. …

Beazley & Munich Re to Offer Broad Cyber Cover for Large Global Companies

Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market, has partnered with the Corporate Insurance Partner unit of Munich Re to offer broad protection for the digital assets and …

Venture Insurance Expands Golf & Country Club Program to 14 New States

Venture Insurance Programs, a national insurance program administrator, has expanded its flagship PREFERRED CLUB program for the golf and country club industry to 14 additional states through Allied World Assurance Company (AWAC), one of three carriers supporting the program. PREFERRED …

XL Catlin Launches New Cargo Policy for Marine Businesses

XL Catlin’s Americas Marine business has introduced its first new marine product, an enhanced insurance policy to offer more comprehensive cargo insurance coverage on a domestic, foreign or worldwide basis. Andrew D’Alessio, XL Catlin’s Americas cargo product leader in New …

Ironshore’s Pembroke Agency Expands UK Financial Institutions’ D&O Cover

Ironshore’s Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation. The new regulation, known as the “Senior Managers Regime,” places greater personal accountability on senior managers of U.K. financial institutions, …

UK’s Allianz Commercial Doubles Excess Liability Capacity to £50M ($70.5M)

Allianz Commercial* announced it has increased its capacity for excess of loss cover, which will now allow brokers to purchase excess liability cover up to £50 million ($70.5 million) per individual class of business. The move, which supports Allianz’s ambition …

Talbot & Markel Offer D&O Facility in MEA Region with Per-Risk Capacity of $30M

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and Africa (MEA) marketplace. Offered through Lloyd’s Dubai, …