life sciences News

Beazley Life Sciences Product Aimed at Small Businesses, Start-Ups

Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical device sectors. By introducing BioSecure to smaller, private enterprise …

Sompo Global Risks Forms Life Sciences Team Led by Ex-OneBeacon Exec Lauer

Sompo Global Risk Solutions (GRS) has formed a new team offering insurance to clients in the life sciences industry. The GRS Life Sciences team is led by Todd Lauer who has joined Sompo GRS as senior vice president. Lauer brings …

Court Ruling Against ‘Law of Nature’ Patent Riles Biotech

A way to diagnose a severe neurological disorder can’t be patented as it covers a law of nature, a U.S. appeals court ruled Wednesday in a closely watched case that sought to clarify the patenting for medical diagnostic tests and …

Marsh’s Bogan Joins JLT Specialty’s Life Sciences Team

Broker JLT Specialty USA has named John Bogan as a vice president, serving U.S. life science companies and their complex products liability, clinical trial and related risks. Bogan comes to JLT from Marsh, where since 2016 he has served as …

CNA Hardy Names Chubb’s Legassick as Head of Life Sciences & Technology

CNA Hardy, the London-based specialist commercial insurer, announced the appointment of David Legassick as head of Life Sciences, Technology & Cyber. Reporting to Rhonda Buege, head of Healthcare and Technology, Legassick will assume responsibility for CNA Hardy’s life science, technology …

XL Catlin Receives Approval to Write Insurance in Monaco

XL Catlin announced it has received approval from the Monegasque Minister of State to issue insurance policies in the Principality of Monaco through XL Insurance Co. SE (XLICSE), effective March 10, 2017. The license allows XLICSE to offer its products …

Berkley Life Sciences Launches Political Risk Coverage for Life Science Companies

Berkley Life Sciences, a W. R. Berkley Company, has introduced political risk insurance for life science companies to address life science exposures faced by customers with assets or operations overseas. Life science companies of all sizes are increasingly exposed to …

Marsh, Munich Re Launch Non-Damage Business Interruption Coverage for Life Sciences

Marsh and Munich Re have launched non-damage business interruption insurance (NDBI) product that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions imposed by the U.S. Food and Drug Administration (FDA). …

CNA Launches Admitted Product Liability Policy for Life Sciences

CNA has launched a new admitted product liability policy offering for the life sciences market. This product launch makes CNA one of only a handful of carriers to offer life sciences companies an admitted and non-admitted coverage option for their …

Navigators Launches Lloyd’s-Based International Casualty Unit

The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of liability solutions across three main product lines: General Liability, Environmental Impairment …