specialty lines News

Ironshore Specialty Adds Product Recall to Crisis Management Coverage

Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

Great American Insurance Group to Launch Aviation Division

Great American Insurance Group has launched a new line of specialty insurance products through its new Aviation Division. This venture will kick off the underwriting of the new product line on April 1, 2014. The Aviation Division will be headed …

Berkshire Hathaway Specialty Insurance Introduces D&O Liability Policy

Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First, a directors & officers liability insurance policy designed to address the complex and volatile risks facing directors, officers and their companies. Executive First is targeted towards large commercial and financial organizations. …

Ironshore Increases Capacity for Select U.S. Specialty Lines

Ironshore Inc. will be providing coverage of up to $50 million for selected U.S. casualty lines, as of January 1, 2014. Increased capacity, up from the current limits of $25 million, will be available in the U.S. for Specialty Casualty, Ironshore …

National Interstate Launches Captive for Waste Haulers

National Interstate Insurance Co. has formed a new group rental captive for waste haulers to complement its traditional insurance program.  The company is now seeking operators with a solid track record in the waste industry to become founding members. According …

MarketScout Plans Expansion of Commercial Program Underwriting Practice

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its commercial specialty program underwriting practice with the addition of Jackie Bourret as vice president, program development. Bourret was formerly vice president at Argo Group …

Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks

Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds facing unique product liability challenges. With an ISO format that …

RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market

RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States specialty market. RenaissanceRe Underwriting Managers U.S., an indirect wholly-owned …

Survey: Specialty Carriers Look to Grow Through Program Business in 2013

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement …

Hudson Insurance Group Now Writing Excess Business in New York

Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson Excess Insurance Co. Hudson …