Markets/Coverage News

Brown & Brown Brings Its Wholesale Units Under Bridge Specialty Brand

Global insurance broker Brown & Brown has consolidated its broad wholesale operations under one brand name, Bridge Specialty Group. As a group, the more than 25 wholesale units place more than $3 billion in premium. Wholesale brokerage total revenues for …

National General Expands Beyond Floods Product Into 13 Additional States

National General Holdings Corp., a specialty personal lines insurance holding company owned by Allstate, has expanded its private flood product, Beyond Floods, into 13 additional states. The product offers coverage to homeowners with a focus on local, analytical, personalized flood …

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states – Arizona, Colorado, Illinois, …

MyFloodInsurance.com Expands Flood Tool to Real Estate Agents, Homebuyers

MyFloodInsurance.com has been expanded to allow for real estate agents and homebuyers to receive instant flood insurance quotes from multiple flood insurance companies, as well as the National Flood Insurance Program (NFIP). The My Flood Insurance widget can be added …

Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents

Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing only nine underwriting questions. The new product allows …

AXIS Insurance, Kennedys Law Launch Marine Cyber Product

Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company …

InsuraGuest to Offer Crum & Forster BOP Coverage to 130+ Classes Via Web Portal

InsuraGuest Technologies, through its wholly owned U.S. subsidiary Insure The People, has launched a new business owner policy (BOP) insurtech portal, www.InsureThePeople.com that is available to more than 130 class codes. ITP is powered by InsuraGuest’s insurtech platform, which will …

Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion

Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series A round, which is also …

Guy Carpenter Launches Hybrid Solutions UK with Willis Towers Watson’s Upton at Helm

Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the appointment of Laurence Upton, formerly with Willis Towers Watson in London, to lead the new operation. The Hybrid Solutions UK …

Dubai’s IGI Bermuda to Begin Writing E&S in U.S.

Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and surplus lines business effective April 1, 2020. The company said the approval …