expansion News

Progressive Expands Commercial Auto Offerings, Introduces New Coverage

Progressive Insurance has expanded its commercial auto product with updated offerings and programs. The latest commercial package brings more coverage options and introduces a customer loyalty program. Highlights of the latest package include: Customer Loyalty Program: The new customer rewards …

GMI Adds Plaza Insurance to Business Auto Carrier List

GMI Insurance has expanded its business auto program with the addition of Plaza Insurance Co., an admitted carrier in 47 jurisdictions. Eligible accounts for GMI’s business auto program include automobile fleets that involve commercial vehicles and private passenger cars to …

ACE USA Expands International Advantage Coverage

ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees doing business overseas. Three foreign package offerings designed for accountants & lawyers, business consultants, and architects & engineers are designed …

BMS Group’s Pioneer Names Hinman in U.S. Expansion

The UK-based BMS Group, an independent global broker, announced the appointment of delegated authority underwriter Gene Hinman, who will join its Managing General Agent (MGA) platform, Pioneer Underwriting Ltd, in a move BMS described as the achievement of “another significant …

HCC Medical Insurance Services Expands Travel Insurance to Sports Travel

HCC Medical Insurance Services, LLC (HCCMIS) has added sports travel insurance to their Atlas Travel Insurance policies at no additional charge. Sports travelers can now access Atlas insurance features like zero coinsurance outside of the U.S. and emergency medical evacuations. …

Trade Credit Insurers Increase Exposures to over $225 Billion

Global trade credit insurers have increased their exposures in the sector by over €180 billion [$226.8 billion], despite the continuing unstable economic environment. At a recent meeting in Singapore the members of the International Credit Insurance and Surety Association (ICISA) …

XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion

XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s Lloyd’s Syndicate #1209. XL also announced the expansion …

Legrand Joins Broker MDS as COO to Expand International Business

MDS Holdings, the European and Latin American insurance brokerage group, announced that Jacqueline Legrand has joined the firm as Chief Operating Officer and Board director. She will be responsible for guiding the MDS’ expansion into new international markets outside of …

Atlas Expands Commercial Auto Insurance Underwriting to Utah

Atlas Financial Holdings, Inc.has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co., Inc., distribute their specialty insurance …

Allianz Seeking ‘Takeover Gems’ in Post-crisis Financial Wreckage

Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its shell to …