Markets/Coverages News

Broker McGill Offers Property War Reinsurance for Ukraine

Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found …

Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …

Old Republic Starts New Company for Cyber, Tech E&O

Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the …

Alliant Moves into Alabama with Osborne as SVP

Alliant Insurance Services has named Johnny Osborne senior vice president for its Americas division. Based in Huntsville, Alabama, Osborne will open the Alabama market for Alliant, further expanding the company’s reach in the Southeast. Osborne has some 10 years’ experience …

Security First, Amelia Underwriters Offering New Products in Warming Florida Market

Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more – if limited – moves into a warming market in the state. Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, …

Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk

Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan after its acquisition of Castel Underwriting Agencies in May 2024. …

Player’s Health Announces $60M Funding Round

Players Health, a provider of athlete safety and sports insurance solutions, has announced the closing of its $60 million Series C funding round. The round was led by Bluestone Equity Partners, an institutionally backed global private equity firm focused on …

Relm Launches 50-State MGA to Be Led by Lavigne

Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states. Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder Joseph Ziolowski. …

Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance

Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s new Solutions Business with …

Horace Mann Insurance Now Available to New Jersey Teachers

Horace Mann Educators Corp., which targets teachers and others in education, announced its expansion into New Jersey. Already serving educators in more than 40 states, Horace Mann will offer its suite of financial and insurance products to the educational community …