Markets/Coverages News

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) …

BHSI Creates Excess Integrated Follow Form for Contractors

Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple first- and third-party insurance policies, for contractors in the U.S. and Canada. The new BHSI policy provides excess follow form …

Prospect General Expands Admitted Residential Flood Program into Arizona

Prospect General Insurance Agency has expanded its admitted residential flood insurance product, Flood Guard, into Arizona. Flood Guard provides residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP). Through its rating algorithm and online platform, …

SafeWaters Underwriting Managers Adds Yacht Insurance Capacity Through Everest

SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. According to Jorge Pecci, CEO of …

Allied World Adds Phishing Assessments to Cyber Risk Management Platform

Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied World’s cyber policyholders access to two customized, simulated phishing assessments per …