Markets/Coverages News

Everest Launches Lawyers Professional Liability Policy

Everest Insurance has released a new lawyers professional liability policy – Everest Elevation – designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services. Everest …

Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America

Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover …

Everest Enhances Multinational Product with Combined Coverage Offering

Everest Insurance has launched Everest Alpine Insurance – an enhanced version of its Multinational coverage form. Everest Alpine Insurance offers clients with international exposures a combination of the following six lines of coverage: general liability, contingent auto liability, business travel …

Lloyd’s Syndicate Ascot Insures Farmers in 16 Nations Against Crop-Price Volatility

Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd’s of London syndicate. Crop insurance has …

NIF Announces New Program for Members of Landscape Professionals Association

Program administrator NIF Group. announced a new Landscapers Package Insurance Program designed for members of the National Association of Landscape Professionals (NALP). The program targets landscaping risks including landscape maintenance, lawn care service, hardscaping, and similar operations. Coverages including general …

Chubb Expands Insurance Coverage in Canada for Private Equity Firms

Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …

Axa XL Expands Inland Marine Coverage with Contractor’s Equipment Offering

Axa XL’s North America marine insurance business is expanding its inland marine business with a new contractor’s equipment product with a number of new coverages. “Contractor’s need a wider variety of equipment to get the job done than before,” according …

BHSI Offers Transactional Liability in Asia/Middle East; Pembroke’s Harwood Leads Team

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has begun offering transactional liability insurance through its Asia and Middle East (AME) regions and appointed Steven Harwood as the head of transactional liability in AME. Harwood comes to BHSI from …

Berkshire Hathaway GUARD Launches Commercial Package in Pennsylvania

Berkshire Hathaway GUARD Insurance Companies has launched a new commercial package product in Pennsylvania. The new offering includes: commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown …

UK-Based MGA EPUL Launches Coverage Solution for Unorthodox Property Risks in UK

European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks. This product provides cover …