expansion News

Willis Expands Acquaculture Division, Hires New Underwriter to Lead

Recent studies show that wild fish stocks around the world are declining faster than feared – with more than half of fisheries worldwide facing shrinking stocks. As a result the demand for farmed fish is intensifying and the aquaculture industry …

ACE USA, GMG Underwriters to Offer Enhanced K&R Coverage

ACE USA has collaborated with GMG Underwriters, LLC, a specialist in kidnap & ransom coverages and services, to expand the growth of its underwriting platform. The stand-alone kidnap & extortion coverage offering is available for U.S.-based companies of all sizes …

‘We’re an Attractive Place to do Business:’ Lloyds CEO Richard Ward

Following Lloyd’s release of its composite results for the first six months of 2012 – a £1.53 billion [$2.4 billion] profit – Lloyd’s chief executive Richard Ward was understandably pleased. In a telephone interview he explained that the figures are …

Chartis Private Client Group Expands, Enhances Wildfire Protection Unit

Chartis has enhanced its Private Client Group’s Wildfire Protection Unit with geographic expansion and improved monitoring technologies. The unit now is available to clients in additional areas of Colorado. The Wildfire Protection Unit is a complimentary loss mitigation service designed …

Aspen US Insurance Expands Marine Capabilities

Aspen US Insurance will expand its marine capabilities in the U.S. by offering brown water hull, protection & indemnity, and marine liabilities coverages. These new product offerings result from Aspen US Marine’s expansion of its existing business relationship with Axiom …

Energi Expands Presence With Three New Offices

Energi, a developer and underwriter of insurance products, has opened three new satellite offices across the United States to better serve the company’s policyholders and insurance brokers. The new Westport, Conn. office opened in August; the Carlsbad, Calif. location opened …

Guarantee Insurance Co. Now Writing Workers Comp. in Ore., S.D.

Patriot National Insurance Group, a provider of workers’ compensation coverage, has announced its subsidiary Guarantee Insurance Co. is now licensed to write workers’ compensation insurance in Oregon and South Dakota. The addition of the recent states expands Guarantee’s presence in …

Brownyard Group Develops Program for Small Pest Control Companies

Brownyard Group, a program administrator providing specialized insurance coverage for select industry groups, has expanded its pest control program with PCOnova, a new insurance option designed specifically for small pest control companies. PCOnovais written on an E&S basis through an …

General Star Expands Admitted Real Estate Product to California Agents

General Star Management Co. has made its admitted professional liability coverage for real estate agents available in California. Underwritten by General Star’s Professional E&O Division, the new offering is provided by General Star National Insurance Co. General Star also upgraded …

Main Street America Expands Commercial Product Line to Minn.

The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (main line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Spring Valley Mutual Insurance Co. and Austin …