Markets/Coverages News

Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners

Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program, businesses can add home insurance to their list of services through …

Sompo Global Risks Forms Life Sciences Team Led by Ex-OneBeacon Exec Lauer

Sompo Global Risk Solutions (GRS) has formed a new team offering insurance to clients in the life sciences industry. The GRS Life Sciences team is led by Todd Lauer who has joined Sompo GRS as senior vice president. Lauer brings …

Munich Re to Offer Coverage for Curv Digital Assets, Cryptocurrency

Curv, a cloud-based institutional digital asset wallet service, has partnered with Munich Re to provide insurance protection of up to $50 million for digital assets offered through its service. Munich Re will offer an opt-in solution to Curv’s customers that …

Munich Re Forms Global Partnership with Telematics Provider The Floow

Munich Re disclosed it will partner globally with telematics provider The Floow. The deal will help strengthen Munich Re’s telematics consulting offering but also allow The Floow’s products and services to be provided to insurance clients globally. Both companies hope …

Highland Insurance Solutions Launches Contractors Equipment Coverage

Highland Insurance Solutions has launched a new equipment product for contractors. The new policy form offers broad protection and scheduled or blanket reporting coverage. Highland’s new contractors equipment coverage features include: Up to $10 million loss limits $5,000 minimum premium …

HUB to Offer Risk, Compliance Services for Amateur Sports Industry

Hub International Limited (HUB), a global insurance brokerage and Player’s Health, a risk management firm specializing in amateur sports, have formed a partnership to provide risk and compliance services designed to help organizations monitor and report injuries and abuse, establish …

Beazley Launches Affirmative Marine Cyber Cover

Specialist insurer Beazley has created a marine cyber insurance product to meet the rapidly developing needs of vessel owners and operators. Should a cyber incident impact a vessel’s operational capabilities, “Beazley Cyber Defence for Marine” provides insurance for physical damage …

Cyber Insurance Growth Slowed in Reaching $2 Billion in 2018, Says Fitch

The cyber insurance market remains a source of growth for U.S. property/casualty insurers; however, that growth is slowing, according to Fitch Ratings. The industry’s total direct written cyber premiums grew 8% in 2018 to $2 billion, down from 37% growth …

Willis Towers Watson Updates Radar Pricing Tool with Governance, Security Features

Willis Towers Watson has released an updated version of its Radar pricing software. Radar 4.4 introduces new security features that provide a more sophisticated governance process, as well as improvements to the software’s machine learning and optimization capabilities. “Insurers are …

Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts

Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the golf and country club accounts of its flagship PREFERRED CLUB program. PREFERRED …