Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer

Applied Underwriters Introduces Applied Home National Underwriters

Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in select homeowners markets and expand the number and scope of its diversified homeowners programs.

Newly consolidated under the Home National banner, the company will act as an MGA representing eight carriers, of which five are within the Applied family along with three other blue-chip insurers.

Company President Jamie said: “By consolidating our wildfire unit, Northeast, Gulf Coast and Hawaii homeowners operations, each of which has grown to be significantly sized businesses on their own, we will start our expansion from a base of over $300M in premium in fourteen states.”

Bob Courtemanche has been named CEO of Home National. Courtemanche previously served as CEO of ACE Private Risk Services, president of Personal Insurance for Fireman’s Fund, and chief underwriting officer of AIG Private Client Group.

Marsh Cyber Pathway Launched

Marsh announced the launch of Marsh Cyber Pathway, an integrated cybersecurity and insurance solution for U.S. small and midsize businesses seeking to become more resilient.

Cyber Pathway is an alternative to a traditional cyber insurance placement, which may be more challenging to procure for smaller businesses that lack key cybersecurity controls but which nonetheless are committed to enhancing their cyber resilience. After completing the Marsh Cybersecurity Self-Assessment, clients identified as candidates for the Cyber Pathway program will be provided with cybersecurity control recommendations from participating insurers and assistance from Marsh’s Cybersecurity Marketplace Services in selecting the tools and capabilities for their individual needs.

Additionally, Pathway clients will be provided access to cyber insurance protection offered by the participating insurers, including Beazley, Chubb, Coalition, and Resilience, with exclusive coverage enhancements afforded by those insurers automatically when the recommended controls are implemented. Packaged this way, Cyber Pathway clients can access a streamlined, all-in-one-solution to secure cyber insurance and improve their cybersecurity posture.

Everspan and Aurenity Partner on Excess Casualty Buffer Program

Everspan Group and tech-enabled MGA Aurenity launched a new program to provide excess casualty buffer coverage for mid-market construction, hospitality, real estate, premises, and products risks.

The program addresses the demand for buffer layer coverage between the primary market and increased average attachments in the excess space. Typical targeted limits will be $4m excess $1m and $3m excess $2m with flexibility to write shorter layers as necessary. The program will be underwritten by Aurenity’s excess casualty team led by Janet Beaver, and distribution will be through wholesale E&S brokers.

Aurenity said it recently launched primary general liability and excess casualty programs. With the launch of the excess buffer program, it now has the capability to participate in all layers of the placement tower.

Topics Cyber Underwriting New Markets Casualty