The insurance operations of XL Group and ABA Insurance Services Inc., a managing general underwriter, have expanded their employment practices liability insurance (EPLI) product to include additional protection such as wrongful Internet coverage and legal assistance. The coverage offers more …
Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s North America. “We are planning for …
Lexington Insurance Co. has introduced a technology contract risk policy called Parity.Parity protects organizations from potential losses and expenses resulting from the negligence of a technology professional. A technology professional’s negligence may result in an organization suffering losses that are …
Property/casualty insurer technology vendor FirstBest Systems Inc. said it has completed $10 million in funding. With the new round, NewSpring Capital and Verisk Analytics Inc. join private equity firm Brookstone Partners, which also participated, and existing investor Flybridge Capital Partners, …
The ability to validly elect or reject uninsured/underinsured (UM/UIM) motorist coverage has a significant economic impact on insureds and insurers. All 50 states and the District of Columbia have requirements regarding the completion of election forms. ACE Risk Management (ARM) …
Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to improved safety requirements for ocean …
Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …
In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …
A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional indemnity and non-recourse finance construction. The new wholesale firm will …
The European Union’s executive said on Wednesday it would refer a disputed global agreement to tackle online piracy to the bloc’s highest court to check whether it complies with EU fundamental rights. The Anti-Counterfeiting Trade Agreement, which also aims to …
