Markets/Coverages News

Markets/Coverages: MGA Optio and Insurer Partner AmFirst to Offer Political Violence & Terrorism Cover

Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer partner to provide underwriting capacity for political violence and terrorism (PVT) risks. The partner company – AmFirst Insurance Co. (AmFirst) …

Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility

Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW with support from three other …

Markets/Coverages: Driver Technologies Launches Video Telematics-Based Driver Score

Driver Technologies, Inc., an AI-based mobility tech company, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched driver score to commercial fleets and insurance partners. In a press release, Driver Technologies said Driver Score …

Markets/Coverages: No Application Needed for New NOW Insurance MedMal Coverage

NOW Insurance, an artificial intelligence-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group …

Markel’s State National to Enter UK Market, Offering Program Services for MGAs

Markel, the insurance operations of Markel Group Inc., announced that its wholly owned subsidiary State National Companies is entering the UK market, effective Jan. 1, 2024. State National, the largest program services carrier in the U.S., is partnering with Markel …

Markets/Coverages: Apollo to Launch Specialty Treaty Class of Business

Apollo, the London-based independent specialist insurer and reinsurer, announced it will launch a new specialty treaty class of business within the Reinsurance Division of Syndicate 1969, on Jan. 1, 2024. The new portfolio will focus on the niche classes of …

Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re

After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …

Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs

Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover that now includes broad cybercrime coverage, as well as giving SMEs …

Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension

McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy and is triggered automatically by an insolvency …

Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks

Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the five-person underwriting …