life sciences News

XL Catlin Receives Approval to Write Insurance in Monaco

XL Catlin announced it has received approval from the Monegasque Minister of State to issue insurance policies in the Principality of Monaco through XL Insurance Co. SE (XLICSE), effective March 10, 2017. The license allows XLICSE to offer its products …

Berkley Life Sciences Launches Political Risk Coverage for Life Science Companies

Berkley Life Sciences, a W. R. Berkley Company, has introduced political risk insurance for life science companies to address life science exposures faced by customers with assets or operations overseas. Life science companies of all sizes are increasingly exposed to …

Marsh, Munich Re Launch Non-Damage Business Interruption Coverage for Life Sciences

Marsh and Munich Re have launched non-damage business interruption insurance (NDBI) product that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions imposed by the U.S. Food and Drug Administration (FDA). …

CNA Launches Admitted Product Liability Policy for Life Sciences

CNA has launched a new admitted product liability policy offering for the life sciences market. This product launch makes CNA one of only a handful of carriers to offer life sciences companies an admitted and non-admitted coverage option for their …

Navigators Launches Lloyd’s-Based International Casualty Unit

The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of liability solutions across three main product lines: General Liability, Environmental Impairment …

Berkley Life Sciences Adds Foreign Corrupt Practices Act Expense Coverage

Berkley Life Sciences, a W. R. Berkley Co., has launched Corporate Lifeline, a new coverage for life science companies seeking to effectively address increased government scrutiny of company practices under the Foreign Corrupt Practices Act. In 2009 the Criminal Division …

ACE Expands Life Sciences Coverage through Wholesale Division

ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional Risk Life Sciences policy addresses the exposures faced by life …

Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters

Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London. Lloyd’s support for this comes from Amlin, Chaucer, Catlin, Hiscox, …

ACE Enhances Life Sciences Coverage Offerings

The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The …

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life Sciences is able to secure locally accepted insurance …