Markets/Coverages News

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …

WNFIS Expands Private Flood Program into South Carolina

Wright National Flood Insurance Services, LLC (WNFIS) has expanded its Residential Private Flood Insurance Program into South Carolina. This stand-alone product was previously launched in Florida and New Jersey last year, with plans for expansion into additional states. Wright’s Residential …

Generali Digitizes Art Insurance, Offering Collectors Remote Evaluation of Artworks

ARTE Generali, Generali Group’s business unit that provides art insurance to collectors, has unveiled a new app, which offers remote evaluation of artworks. In addition, ARTE Generali has set up a program to support small galleries, museums and art dealers …

Buckle Adds Delivery Coverage During Pandemic for Georgia Rideshare Drivers

Buckle, a technology-driven financial services company, has been granted temporary approval to add insurance coverage to its rideshare driver members’ policies for the delivery of food, household supplies, and other packaged goods. Due to the COVID-19 crisis that has forced …

Generali and Insurtech Descartes Underwriting to Develop Parametric Insurance Cover

Generali’s P&C unit Global Corporate & Commercial (GC&C) and insurtech company Descartes Underwriting have formed a strategic partnership to develop parametric products designed to help close the growing insurance protection gap. This collaboration combines GC&C’s technical capabilities in the corporate …

AXA Unit to Offer Medical Consultations to Guests of French Hotel Group Accor

AXA and French hotel group Accor have formed a strategic partnership to provide medical support to guests staying at Accor’s 5000 hotels worldwide. As soon as July 2020, Accor’s guests will be able to benefit from advances in telemedicine through …

Aon Forms Intellectual Property Liability MGA; Taps Lewis to Lead

Aon has established an intellectual property liability underwriting platform with levels of capacity it says is the largest known delegated capacity for the risk. IP underwriter Ian Lewis has joined the company to spearhead the development of an underwriting team …

UK Insurer Brit and Google Collaborate to Launch 1st Fully Digital Lloyd’s Syndicate

Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud. Launching in 2021, Ki will be a “follow-only” syndicate, aiming to significantly reduce the amount of time and effort …

Guy Carpenter Launches Probabilistic Philippines Flood Model

Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the launch of a new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most …

EC3 Brokers Launches Casualty and Cyber Specialty Division

EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will report to …