new product News

AIG Launches Insurance for Couture, Designer Wardrobe Collections

AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer wearable collections. The new couture product offers coverage not typically …

TUMI Launches Dump Truck Insurance Program

Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has established a relationship with an ‘A’ rated carrier as well as an ‘A++’ rated reinsurer to underwrite insurance for dump truck operators and other aggregate haulers. Coverages include auto liability, …

AmWINS Launches New Cyber Liability Product

AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability insurance. “With some domestic insurers exiting the product …

XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s

XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …

ACE Launches Multinational Insurance Cover for U.K. & Ireland Customers

ACE Group has launched ACE Multinational Partner, an enhanced package of comprehensive property and casualty insurance cover spanning traditionally separate lines of business, for U.K. and Ireland based companies with one or more overseas subsidiaries. During 2014, the ACE project …

ProSight, Affinity Partner on Golf, Country, Leisure Club Program

ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf and country clubs, public golf courses, …

ACE Strengthens Casualty Offering for Multinational Activities of Canada Firms

ACE Group says it is strengthening its global primary casualty offering with an expanded service platform designed to protect the multinational business activities of Canadian companies. ACE Risk Management Global Casualty is providing a dedicated team of underwriting professionals and …

Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market

Willis Re, the reinsurance division of Willis Group Holdings plc, has unveiled a new suite of flood solutions offering analytical capabilities that will enable insurers to proactively manage Canada flood accumulations. Based on the analytics provided by Willis Re’s strategic …

CFC Launches Two New Contingency Insurance Products

Specialist lines underwriting agency, CFC Underwriting, has launched prize indemnity and over-redemption policy products. The new coverages come from CFC’s recently established contingency team and follow the appointment of Matt Helm as Contingency Practice leader last year. “Prize competitions and …

ACE Bermuda Expands D&O Cover for Non-North American Multinationals

ACE Bermuda International announced the launch of an additional D&O liability insurance capability for multinational companies based outside of North America. The new capability allows ACE to issue CODA Premier® policies directly through ACE’s Syndicate 2488 at Lloyd’s and offer …