Markets/Coverages News

Edison Motor Launches on Volante’s New UK-Based MGA Platform

Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint managing directors of the new operation. Edison Motor …

Silent Cyber Included in Willis Re’s Cyber Risk Portfolio Modeling Tool PRISM-Re

Willis Re, the reinsurance business of Willis Towers Watson, the global advisory and broking company, has upgraded its cyber risk portfolio modeling tool PRISM-ReTM to include “silent cyber.” Willis Re defines “silent cyber” as potential cyber-related losses resulting from insurance …

National Interstate Forms Captive for Towing & Recovery Industry

National Interstate Insurance Company, a specialty property and casualty transportation insurer, has launched TowCap Premier, a group rental captive designed exclusively for the towing and recovery industry. National Interstate will market TowCap Premier directly through retail brokers, and is currently …

UK’s Thomas Cook Partners with Fintech Firm to Offer Pay-Per-Day Travel Cover

British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the digital bank start-up, said it …

Ascent Launches Allied Health Professional Liability Product

Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a combination of cyber cover, regulatory billings coverage and medical liability insurance …

EIURS Adds Marine Energy Unit to Energy Division

Energy, Industrial & Utility Risk Solutions (EIURS), a division of DUAL Commercial, has expanded its Energy Division with the addition of a new marine energy unit. The new unit will be headed by Michael Jacobs. The Marine Energy unit will …

General Star, Norman-Spencer Partner on Online Program for Real Estate Appraisers

General Star Management Co. has launched an online individual real estate appraisers program. General Star will partner with Norman-Spencer Agency, Inc., the program administrator. The online appraisers program provides specialized errors and omission coverages designed specifically for the needs of …

Homeowners Insurtech Hippo Partners with Spinnaker to Expand into States

California-based insurtech company Hippo has formed a strategic partnership with Spinnaker Insurance Co. to expand its product offerings into new states. Hippo offers homeowners insurance through an online platform, as well as protection for possessions like appliances, consumer electronics and …

eReinsure Adds Blockchain Services to Reinsurance Technology Platform

eReinsure.com, Inc., a global specialty insurance distributor and part of AmWINS Group, will offer a blockchain service linked to its reinsurance platform to help companies share information. According to Igor Best-Devereux, CEO of eReinsure, blockchain’s distributed ledger capabilities could facilitate …

Appalachian Underwriters Launches Monoline Sewer Back-Up, Pump Overflow Coverage

Appalachian Underwriters, Inc., an insurance wholesale outlet, has developed a monoline sewer back-up and sump pump overflow product, exclusive to appointed agents. Offered through AUI Brokerage and available in all 50 states, this product covers a range of occupancy classes …