Markets/Coverages News

Chubb Enhances Work Injury Compensation Product in Singapore

Chubb announced it has enhanced to its Chubb Work Guard product, which is work injury compensation cover for Singapore businesses. The enhanced wording will apply to all risks bound from Jan. 1, 2018, unless separately agreed. At the core of …

Starr Companies Adds Crisis Coverage to Side ‘A’ D&O Endorsement

Starr Companies has enhanced its Side ‘A’ Directors & Officers Excess and Lead-In-Difference-In-Conditions (DIC) policy with the addition of crisis loss coverage for insured persons. According to Brian Inselberg, senior vice president, financial lines, unprecedented litigation and regulatory environment and …

Workers’ Comp Carrier Retailers Casualty Insurance Expands Into Alabama

Retailers Casualty Insurance Co. has received all regulatory approvals from the Alabama Department of Insurance to begin offering workers’ compensation coverage in the state of Alabama. Appointed agents may quote Alabama business with Retailers Casualty for policies with effective dates …

Travelers Europe Offers Enhanced Cyber Cover for UK & Ireland Tech Sector

Travelers Europe announced it has enhanced its offering for technology businesses in the United Kingdom and Ireland with a packaged product to provide improved protection against the unique cyber risks facing IT, communications and electronics manufacturing and assembly companies. The …

CFC Underwriting Launches New Product for U.S. Nutraceutical Companies

Specialist lines underwriting agency CFC Underwriting has added to its life sciences suite of products with a new insurance product designed specifically for nutraceutical businesses in the U.S. Coverages include products liability, commercial general liability and cyber. Broad product recall …

International Drone Racing Association Simplifies Drone Insurance Policy

The International Drone Racing Association (IDRA) has condensed its liability insurance for drone pilots into a single policy that has no drone limit, no deductibles, and offers worldwide coverage for IDRA members. Drone pilots can now purchase the $1 million …

XL Catlin Launches Coverage for Marine Contractors

XL Catlin’s North America has launched a new product from its marine insurance business specifically designed for marine contractors in the U.S. The new XL Catlin’s marine contractor insurance includes insurance coverage protection for: • Hull and Protection & Indemnity …

AIG Singapore Launches Online Motor Accident Reporting Platform

AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched an online motor accident reporting platform that allows policyholders to make accident reports and commence the claims process online. Designed to streamline the customer experience, AIG Singapore said, the platform …

Starr Cos., China’s PICC Health to Provide Insurance for Belt & Road Project Workers

Starr Cos. announced it is working with with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries.* The companies are providing a specialty accident and health offering …

The Hanover, Chaucer Form Reinsurance Sidecar to Tap 3rd Party Capital

The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has sponsored the formation of a reinsurance sidecar to provide collateralized capacity for Chaucer Syndicate 1084’s global property reinsurance portfolio in 2018. Bermuda-based Thopas Re Ltd., …