Markets/Coverages News

Aspen Expands Agreement to Provide Capacity for Ryan Specialty’s MGU Portfolio

Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an additional seven programs from …

Ohio’s battleface Adds Vacation Rental Damage Insurance

Columbus, Ohio-based Insurtech battleface has added vacation rental damage to its benefit options. The new product provides insured travelers with protection against covered losses while staying in a vacation rental. Battleface’s vacation rental damage benefit options include a choice of …

UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022. The company, which became the UK’s first insurtech unicorn last year, …

Travelers Expands Telematics Auto Insurance Offering With App-Based Program

The Travelers Companies Inc. is expanding its telematics auto insurance offering, IntelliDrive, with the launch of an app-based program called IntelliDrivePlus. IntelliDrive launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding …

Hippo Expands Homeowners Association Insurance Offering to 15 States

Technology-driven insurer Hippo has expanded its commercial lines homeowners association (HOA) insurance offering into 15 additional states after debuting it last August in Arizona. Hippo’s HOA insurance is now available in Arizona, Colorado, Delaware, Idaho, Illinois, Indiana, Massachusetts, Maryland, Michigan, …

Aon Offers Last Mile Delivery Insurance Program in Partnership With CarrierHQ

Global insurance broker Aon and CarrierHQ, an Indianapolis-based portal for transportation fleets that offers insurance programs and other services, have launched Last Mile Delivery insurance program. The program provides operators in the last mile delivery space with custom and continuous …

Lloyd’s Asia Launches Renewable Energy Consortium

Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …

Willis Towers Watson Launches Risk and Analytics Model for Trade Credit Insurance

Willis Towers Watson announced it has launched a new risk and analytics model for the trade credit market. The model analyzes clients’ trade receivables to predict potential losses over a range of statistical scenarios. A typical model run covers: Rating …

Fox Point Expands E&O Liability Program for Small Business Risks

Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions (E&O) coverage. This coverage is being launched in collaboration with …

Brit Pilots 1st Continuous Binder for Delegated Authorities, to Replace Annual Renewals

Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in January 2022. Continuous contracts form a key part of the Future at Lloyd’s vision for delegated underwriting, said Brit. The …