Markets/Coverages News

The Hartford Adds Cybersecurity Training to Cyber Offering for Businesses

The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According to Tim Marlin, head of cyber underwriting …

International Marine Underwriters Enhances Ocean Cargo Coverage

International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has enhanced its ocean cargo policy with new coverages to address the needs of an increasingly global ocean marine market and a redesigned form. The ocean cargo policy and extension …

Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients

Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million. At-Bay developed this product to fulfill broker demand for access to the …

CFC Designs New Broker Platform for Its Cyber Insurance Products

Specialist insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based company’s cyber insurance platform will enable brokers to instantly access …

The Hanover Adds Watercraft Coverage to Personal Lines Product Suite

The Hanover Insurance Group, Inc. has expanded its suite of personal lines insurance products to include a new watercraft insurance offering. As part of the new offering, The Hanover’s watercraft product will offer: Broadened range of coverage for watercrafts including …

Clyde & Co. Launches Connected Parametric Insurance Contract

Global law firm Clyde & Co has launched an off-the-shelf connected parametric insurance contract for use by insurers through its smart contract consultancy, Clyde Code. “A connected contract is a digital agreement which links external software systems and data sources …

HSB Launches Cyber Insurance Endorsement for Farmers

Hartford Steam Boiler (HSB) has launched a new HSB Farm Cyber Insurance product designed to protect farmers and farm technology from hackers, malware and other cyber attacks. According to James Hajjar, who leads the cyber practice for HSB’s reinsurance client, …

AGCS Offers Crisis Management Response Services with Its Pollution Liability Cover

Allianz Global Corporate & Specialty (AGCS) announced it is offering expanded emergency response services as part of its Environmental Impairment Liability (EIL) coverage when pollution and/or contamination events occur. AGCS has formed strategic partnerships with GM Consultant (global) and HETI …

Selective Insurance Launches Auto Recall Alert System

Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., is working with its independent insurance agency partners to help customers become aware of recalls affecting their vehicles through notifications from its new Recall Alert System. …

Hiscox Enhances Security Incident Response Product for Businesses

Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing with an insured event. …