Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called “Altitude.” In a strategic move aimed at expanding its client services portfolio, SRS …
Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb has also rebranded its existing UK Technology Industry Practice as the Technology and Media Practice to reflect its new focus. …
Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection for …
Australian insurer QBE has launched a marine offer that will insure international trade for European customers who want to be serviced locally. As an international insurer with local presence in 28 countries, QBE said it wants to seize the opportunity …
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …
SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. …
Honeycomb Insurance, a which says its technology eliminates the need for physical property inspections, has won regulator approval to write policies in Virginia. The company, which began operating in 2021, writes in 15 states, including North Carolina, Pennsyslvania and New …
NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate will partner on bringing new commercial products to what they call an underserved target market of 33 million small businesses. …
Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations, marketing and functionality. “One of every four dollars in the GDP goes through the insurance industry,” yet the industry is …
Insurance broker Marsh said it is starting a global cyber practice at the start of 2024, led by Tom Reagan. Currently Marsh Specialty’s cyber practice leader, US and Canada, Reagan will become global specialty head of cyber. He will continue …
