Markets/Coverages News

ThinkRisk Transfers Converging Risk Program to Lloyd’s, Expands Offerings

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing Converging Risk program – specialized errors and omissions insurance for media, advertising, …

Hanover Stone Partners, UnitedLex to Offer Cyber Risk Management Services

Hanover Stone Partners, a risk management services firm, and UnitedLex, a business advisory company, have collaborated on cyber-security, legal services and other risk management options for businesses and other commercial entities. UnitedLex works with clients on their cyber-related risks through …

Main Street America Group Expands Private Passenger Auto Coverage to Conn., N.H.

The Main Street America Group has expanded its private passenger auto insurance program to Connecticut and New Hampshire. Highlights of the Main Street Protection Auto program, which was first launched in South Carolina and Virginia last fall, include a lineup …

Insurance Noodle Appointed as Lloyd’s Coverholder

Insurance Noodle, the online, membership-based insurance placement platform, has been appointed a coverholder with Lloyd’s of London and is now authorized to underwrite and insure accounts on behalf of certain Lloyd’s underwriting syndicates. The position grants Insurance Noodle access to …

LIU Designs New Policy for Architects & Engineers With Data Breach Coverage

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched LIU Design and Data Insure, a new architects & engineers policy. The enhanced policy offers insurance and risk management services to help protect design firms from wrongful acts incurred …

XL Catlin Enhances Professional Liability Insurance for Small A&E Firms

XL Catlin’s design professional insurance business has increased the limits of its smartADVANTAGE professional liability insurance policy and improved policy terms for architectural and engineering firms in the U.S. with annual fees of $2 million or less. The smartADVANTAGE policy …

Assurant to Offer Private Flood Insurance in Florida

Assurant, Inc. has launched Assurant Primary Flood Insurance for Florida customers. The new Assurant Primary Flood Insurance offers structural coverage up to $800,000 and up to $250,000 in contents coverage, at competitive rates that include no federal fees or surcharges. …

Seven Corners Launches Kidnap & Ransom, Crisis Management Travel Coverages

International travel insurance and specialty benefit management company Seven Corners, Inc., has unveiled two new insurance products – Captum Kidnap and Ransom and Ally Crisis Management – for international travelers. Captum Kidnap and Ransom coverage is sold online and provides financial and crisis support for …

NJM to Offer Motorcycle, ATV Coverage in New Jersey

NJM, a property-casualty insurer offering coverage in New Jersey, has partnered with American Modern Insurance Group to offer coverage for motorcycles, ATVs and similar vehicles. The program offers coverage for standard motorcycles, cruisers, dirt bikes, dual purpose, SuperSports, trike conversions, …

Zenith to Provide Workers’ Comp for California Mutual Water Companies

Zenith Insurance Co. will serve as the workers’ compensation reinsurer and service provider for the California water system and water-related entities program recently formed by Alteris Insurance Services, Inc. and the California Association of Mutual Water Companies (CalMutuals). CalMutuals JPRIMA …