Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity April 29, 2024 Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium April 25, 2024 Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the...
Markets/Coverages: Liberty Mutual Re, Safehub Offer Parametric Quake Re/Insurance April 23, 2024 Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider...
People Moves: Berkshire Hathaway Expands U.S. Marine Business With Wyatt, Frick April 17, 2024 Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance....
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge April 17, 2024 By Jonathan Saul Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile...
CRC Moves InsureTrust Cyber Broker to Wholesale Division April 16, 2024 Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit,...
Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption April 15, 2024 Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California April 12, 2024 Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive...
Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy April 11, 2024 AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL...
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium April 10, 2024 Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium...