Markets/Coverages News

New Zodiac Insurance D&O Policy Targets Small Global Financial Institutions

Lloyd’s broker AFL Insurance Brokers Ltd’s independent USA managing general agent subsidiary Zodiac Insurance Services has launched directors and officers (D&O) capacity for the small global financial institutions (Small FI) market. Partnering with underwriters at Lloyd’s, Zodiac has created a …

Cabrillo Coastal Launches Flood Coverage for Dwelling Fire Policies in Florida

Cabrillo Coastal General Insurance Agency launched a flood endorsement for new or existing dwelling fire policies for its admitted program in Florida. The coverage follows Cabrillo Coastal’s launch of a flood endorsement for new or existing homeowners policies for their …

ArgoGlobal and Italian Insurtech Firm Provide On-Demand Insurance for Gig Workers

ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech startup Axieme to provide on-demand, pay-as-you-go insurance for temporary and short-term workers in Italy’s gig economy. How does the partnership work? Jobs first …

AAIS Adds Carrier, Regulator Reporting Features on Blockchain Platform

AAIS (American Association of Insurance Services), a not-for-profit insurance advisory organization, has added additional features to its openIDL blockchain platform, including: improved data call transparency and communication capabilities specifically designed for insurance regulators; enriched core data sets; and innovative blockchain …

Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States

Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance. With …

Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)

Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more than 15,000 risks in total on the …

Insurers SUNZ, Cimmaron to Offer Standalone Workers’ Comp Program to PEOs

SUNZ Insurance Solutions, LLC has formed a partnership with Cimarron Insurance Co. to utilize Cimarron’s Cover One and Cover Two workers’ compensation products. The new partnership provides workers’ compensation insurance options to SUNZ policyholders who have PEO clients who do …

Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe

Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high or low river water levels, such as lost revenue due …

AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting

AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive computing software based on AI algorithms. In order …

Landy Agency Offers Crime Program for Small-Medium Firms

The Landy Agency of Needham, Mass., has launched a new crime program with Great American Insurance Group that offers low minimum premiums and a focus on small to medium‐sized businesses. Coverage is admitted in all states and provided by Great …