Markets/Coverages News

Markets/Coverages: Resilience Doubles Cyber Limits to $20M

Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and …

Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O

Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to secure enough limit or consistent terms across …

Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US

FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particularly in real estate, sports …

Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy

Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforestation project of degraded forest lands …

Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps

Many more properties, including hundreds of thousands of homes across Florida and other parts of the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal flood maps. For some of the most exposed …

Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product

Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the insurer Obsidian. Carolyn Pearce has joined Ledgebrook as its A&E practice leader …

Emerald Bay Partners with Lightspeed for California Homeowners Insurance Facility

Emerald Bay Risk Solutions is partnering with Lightspeed Specialty Insurance Solutions to launch an insurance facility in California that delivers coverage for homeowners and landlords. The facility will primarily target owner- or tenant-occupied dwellings across the state, providing property and …

Markets/Coverages: ANV Expands Transactional Risk Offering to the US

Specialty risk insurance managing general agent ANV Global Services, Inc. said it has launched its transactional risk insurance (TRI) program in the United States. The new ANV unit will be led by Colin Addy and Greg Conroy, who previously held …

Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement

Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity agreement with program manager Accredited Insurance (Europe) Ltd. (AIEL). AIEL is supported by a panel of “A” rated reinsurers, said …

Allied American Named Designated Claims Administrator for Lloyd’s

Allied American USA, a national claims management firm based in Tampa, is now a designated claims administrator for Lloyd’s of London. Allied, in business for more than 20 years, called the designation a “prestigious milestone,” allowing the firm to adjust …