Markets/Coverages News

UK’s IUA Publishes Good Practice Guide for Delegated Authorities

A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association, the group that represents non-Lloyd’s international and wholesale insurance and reinsurance companies in the London Market. The guide …

BHSI Launches Network Security & Privacy Liability Insurance in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has unveiled its Professional First Network Security & Privacy Liability Policy in Canada. The product combines cyber liability and breach response coverage with risk management resources for commercial enterprises and financial institutions. The Professional First …

Velocity Risk Underwriters Adds Condominium Coverage to Florida Products

Velocity Risk Underwriters has expanded its Florida products to include HO-6 (condominium) for primary, secondary, seasonal, long-term rental, and short term rentals (minimum two days). Velocity offers an A.M. Best “A” rated homeowners programs in Florida utilizing Texas-based State National …

Everest Taps Former Chubb Exec Collura to Lead New Private Company/Non-Profit Business

Everest Re Group, Ltd. has formed the Private Company/Not-for-Profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance. The new business segment will fit within all areas of Everest’s expanding Financial Lines division. The Private/NFP team will …

MGA Newbridge Offers Political Violence, Terror Cover; Chaucer, Markel Provide Capacity

Newbridge Risk Partners, an underwriting cell on the Castel Underwriting MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its political violence and terrorism insurance and reinsurance business. …

InsuranceHub Expands Transportation Coverage to Additional Trucking Classes

InsuranceHub (formerly Lloyd Pro Group Agency) has expanded its Transportation Division to also cover long haul trucking, dump trucks and more. The division launched in 2016 with a focus on tow trucks. Some of the products and services the new …

Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to medium-sized businesses (SMBs). Through its platform, Zeguro will serve as a …

Liberty Mutual to Back NIF Bowling Center Program

NIF Group has partnered with Liberty Mutual Insurance Co. as the exclusive carrier for its Bowling Center Program. The program targets bowling center risks as well as those offering some ancillary entertainment. Coverages offered on an admitted basis include property, …

London Market’s Placing Platform, PPL, Adds P/C Lines to Growing Roster of Risks

PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform. The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now also writes political violence, financial and professional …

NORCAL Mutual Expands MPLI Offerings to Tennessee

NORCAL Mutual Insurance Company is now offering coverage to health care professionals in Tennessee. This is the latest in NORCAL’s national expansion, which now reaches 39 states, including the District of Columbia. NORCAL is a medical professional liability insurance (MPLI) …