new product News

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 …

Palomar, TriCoast Insurance Launch Windstorm-Hurricane Product in Hawaii

Palomar Specialty Insurance Co. has partnered with TriCoast Insurance Services, LLC to offer a residential windstorm-hurricane insurance product in Hawaii. The product is a stand-alone hurricane coverage that will be offered through local independent agents. Palomar’s stand-alone residential hurricane program …

RSA Upgrades to Cloud Computing With Amazon Web Services

RSA announced it has signed a contract with Amazon Web Services to use its cloud computing services across the group. The technology will initially be used to host a number of RSA and MORE TH>N websites and other digital services. …

XL Launches Primary Auto Product Line, Taps Miller to Lead

XL Group’s excess & surplus (E&S) insurance is adding primary auto capabilities to its product line and has added Andrew Miller as underwriting manager to lead this business. According to John Goodloe, president of XL Group’s E&S business, the company …