Inland Marine News

Axa XL Expands Inland Marine Coverage with Contractor’s Equipment Offering

Axa XL’s North America marine insurance business is expanding its inland marine business with a new contractor’s equipment product with a number of new coverages. “Contractor’s need a wider variety of equipment to get the job done than before,” according …

How Insurtech Will Revolutionize Inland Marine by Cutting Costs

Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …

H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters

H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk solutions for truck and taxi commercial fleets. TRU will become …

QBE Adds Inland Marine Property Coverage for Construction Risks

QBE North America is continuing its inland marine product expansion with the launch of The Solution for Builder’s Risk, a comprehensive policy offering with coverages tailored for construction projects. Features of this new product include capacity up to $250 million …

BHSI Introduces Motor Truck Cargo Legal Liability Insurance in Canada

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its inland marine product line in Canada with the launch of its Motor Truck Cargo Legal Liability policy, a new product that protects against the legal liability exposure commercial truckers face …

Argo Names The Hartford’s Higley to Head U.S. Property, Inland Marine

Specialty insurer Argo Group International Holdings has appointed David Higley as head of U.S. property and inland marine. Higley will report to Ron Vindivich, president, E&S, Colony Specialty, and will lead the group’s newly formed U.S. property unit, made up …

SIS Wholesale Insurance Services Launches Online Inland Marine Program

Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched a new online inland marine contractors’ equipment program. The program includes coverage for miscellaneous tools and equipment; scheduled light, medium, and heavy …

QBE Inland Marine Launches Combined Liability Coverage for Motor Carriers

QBE North America, an operating division of global insurer QBE Insurance Group Limited, has launched a new policy for motor carriers that combines both motor truck cargo and logistics liability insurance in one policy.. The Solution for Motor Truck Cargo …

Allianz Launches Inland Marine Cargo Insurance Product

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched Transportation Block 2020, a fully integrated and comprehensive inland marine cargo insurance product, complete with risk management services. Specifically, it features new cover for a range of …

BHSI Launches Commercial Output Policy for Inland Marine Exposures

Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Commercial Output Policy (COP) that combines the company’s new admitted property insurance policy with its inland marine coverages. BHSI’s COP uses American Association of Insurance Services (AAIS) wording and responds to property …