Markets/Coverages News

Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond

Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie Re” program. This is the fifth series of notes issued by Herbie Re and will provide Fidelis Insurance Holdings (also …

Markets/Coverages: Connecticut Opens Door to Real Estate Insurer Honeycomb

The Connecticut Insurance Department has given Honeycomb Insurance approval to write policies statewide. Honeycomb offers customizable insurance coverage for apartment complexes, condominium associations, and single-family rental dwellings. The insurer promises technology-enabled and streamlined service, underwriting and pricing for commercial insurance …

Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of specialty insurance capabilities. Vantage said its new U.S. Primary Casualty …

Symphony Risk in California Launches Captive Program for Cannabis Industry

Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool provides a breadth of benefits not commonly afforded to cannabis businesses due to the …

WTW Upgrades Hawaiian Coral Reef Parametric Insurance Policy

WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms. This replaces the first U.S. coral reef insurance policy purchased …

Sompo International Authorized to Write Primary Insurance in France

Sompo International announced it has been granted a license to write primary insurance in France by the French Prudential Supervision and Resolution Authority (ACPR), further extending the company’s commercial property/casualty insurance capabilities and product offerings in Continental Europe. “The granting …

Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity

Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection, in order to provide greater financial stability amid continued volatile market conditions and fluctuating insurance rates. Available to Marsh clients …

Markets/Coverages: Loadsure Launches Motor Truck Cargo Insurance

Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck Cargo and Logistics Services Insurance,” the product targets SME enterprises and will provide …

Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients

Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The International CyCore Facility (ICF) is a tailored solution …

Venbrook in California Expands Student Insurance

Venbrook Group LLC and Student Insurance announced the expansion of their accident coverage program for student-athletes attending universities in California. The Student Athlete Insurance Network is a partnership with Anthem Blue Cross established in 1993, supplying coverage for all students …