Markets/Coverages News

Insurtech Foxquilt Announces Capacity Partnership With Markel

Foxquilt, a digital managing general agent specializing in embedded small business insurance technology, announced a strategic and long-term capacity relationship with global specialty insurance provider, Markel. Foxquilt said it utilizes a full-stack underwriting platform, powered by data analytics, to recommend …

Alliant in California Launches Student Health Specialty for Higher Ed

Alliant Insurance Services launched a student health specialty within Alliant Public Entity, offering student medical insurance for domestic and international students. The firm says its program helps higher educational institutions counter high claims trends, while providing resources to make health …

Markets/Coverages: Ryan Specialty Expands Renewable Energy Offering on Global Basis

Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse International specializes in both onshore and offshore renewable …

Rokstone Launches Kentucky-based TPA for U.S. Agricultural Claims

Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural claims in the United States. Two …

Markets/Coverages: Aspen Partners With Surefire Cyber to Offer Cyber Risk Services

Aspen Insurance Holdings Ltd. has partnered with Surefire Cyber to launch Aspen Cyber Risk Services (ACRS), a complimentary suite of services that will enable its primary cyber insureds to proactively tackle cybersecurity threats, from pre-incident to response and resilience. This …

Markets/Coverages: RSA Insurance and Brit Launch Project Cargo Consortium

RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called “BUILD.” The consortium, one of the largest in the cargo market globally, is now open for business and offers guaranteed …

Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform

Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London Bridge 2 PCC Ltd. Beazley is the sponsor of the US$100 million transaction, on behalf of its Lloyd’s syndicates (623, …

Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio

Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property risks portfolio. The binder has a line size of US$2 …

Markel International Launches Specialty Division, Led by 2 Hires From Brit

Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will be spearheaded by Tom Hillier as divisional managing director. The Specialty unit will be supported by the addition of a …

Ryan Specialty Forms International Financial Lines MGU Ryan Financial Lines

Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines. This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux; StartPoint Executive Risks, led by Mark Peeters …