life sciences News

Professional Risk Solutions to Offer Product Liability, Life Sciences Coverages

Wholesale Brokerage Professional Risk Solutions (PRS) has launched a new venture that extends its offerings to general and product liability coverages, as well as insurance options for the life sciences industry. Through its specialist team headed by Henry Gottesman in …

Berkley Life Sciences Launches Coverage for Drug & Medical Device Shortages

Berkley Life Sciences, LLC, a member company of W. R. Berkley Corp., has released a new insurance created to address attempts to hold pharmaceutical and medical device companies liable because their drugs, devices or other life science products or components …

Marsh and Allied World Launch Coverage for Corporate Officers

Marsh and Allied World Assurance Co. have rolled out a new product to cover the costs associated with Responsible Corporate Officer (RCO) investigations and related enforcement actions. The product was designed to help life science, pharmaceutical and healthcare companies manage …

Chubb System Helps Expedite Clinical Trials in China and Brazil

An online system from Chubb Group of Insurance Cos. can now be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. Life sciences companies can …

Navigators Launches Life Sciences Products

Navigators Management Co., Inc. has introduced a new global life sciences suite of products, Navigators LS Elite, a set of property & casualty products addressing the needs of the life sciences industry. These products are available for companies in North …

Ryan Specialty Group Launches LifeScienceRisk

Ryan Specialty Group, LLC has introduced its LifeScienceRisk, a managing general underwriter specializing in generic pharmaceuticals, medical devices and nutritional supplements. Insurance products include commercial general liability or mono-line products liability for manufacturers, contract manufacturers, repackers and distributors of these …

Worldwide Facilities Introduces New Carrier for Life Sciences Risks

Worldwide Facilities, Inc. has introduced a new cover for life science innovators. The coverage provides protection for life sciences risks and can be tailored to protect companies ranging from those in the pre-clinical trial stage to those with $10 billion …

ACE USA Reorganizes Medical Risk Business

ACE USA, the U.S.-based retail operating division of the ACE Group, is reorganizing its medical liability group into two operating units, ACE Medical Risk and ACE Life Sciences. These two units will serve the unique insurance and risk management needs …

Chubb Launches E&O, GL Insurance Policy for Life Sciences Firms

The Chubb Group of Insurance Companies is offering newerrors and omissions (E&O) and general liability insurance policies to address risks faced by life sciences companies. Chubb’s general liability policy, Extended General Liability for Life Sciences, offers three enhanced coverage triggers …