Markets/Coverages News

QBE Launches Privacy, Network Security Coverage for Businesses

QBE North America, an operating division of QBE Insurance Group Limited, has launched a new privacy & network security offering as part of its continued specialty insurance expansion. The new Solution for Cyber Risk product is a comprehensive product suite …

RMS Launches Agricultural Risk Models for India and China

RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the Americas. The addition of the models is …

Everest Introduces New Environmental Policy Form with $10M in Capacity

Everest Insurance has expanded its environmental offering with the new Everest Environmental Apex policy form, which provides up to $10 million in capacity in a lead or excess position with the ability to schedule general liability, auto, employers liability, contractors …

Liability Risk Modeling Tool Launched by Lloyd’s and AIR’s Arium

Lloyd’s and modeling company Arium have launched a tool designed to enable insurers and reinsurers to model liability exposure probabilistically across their entire portfolios, Lloyd’s announced. “The new approach categorizes casualty events based on a company’s business activities – its …

NJM Partners with American Modern to Offer Enhanced Collector Car Insurance

NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to agreed value loss settlement, which protects against depreciation, …

Markel International Launches Surety Business; Team Leaders Appointed

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior underwriter. The business will initially focus on opportunities in the …

Willis Towers Watson Launches New Edition of Pricing Software, Radar 3.0 

Willis Towers Watson has launched Radar 3.0, the latest edition of its pricing software, which includes machine learning approaches for greater pricing sophistication. Building on the last major release of Radar in 2016, Radar 3.0 implements a wider range of …

Allied World Launches 3 Professional Liability Products in Australia

Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity Insurance, and Miscellaneous Professional Indemnity Insurance. The Miscellaneous Professional Indemnity Insurance products is …

Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support

Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30 million as of March 1, 2017, …

Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App

CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and receive specialist support from CFC’s global cyber …