Markets/Coverages News

Sompo International Taps Pillion to Lead New U.S. Environmental Insurance Unit

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has established a new business unit to extend environmental liability insurance capabilities to a wider range of industries in the U.S. market. Sompo International will …

Generali Launches Cyber Insurance Function and Cyber Security Subsidiary

Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function will combine a range of cyber insurance solutions with the support of a technology start-up, CyberSecurTech, which is wholly owned …

AGCS Divides Alternative Risk Transfer Team into 2 Units, Led by Boyd and Hohmann

In line with the growing importance of non-traditional insurance solutions for global businesses, Allianz Global Corporate & Specialty (AGCS) announced it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams. With effect from Nov. 1, 2018, …

New ISO Personal Property Product Targets Millennials, Empty Nesters

ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings …

Driverless Ships Could Offer Significant Growth Area for London Market: IUA Survey

Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 percent of IUA members who responded to the survey stated they are considering …

Israeli Risk Modeling Firm Kovrr Launches Silent Cyber Risk Identification Product

KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk product. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and quantify policy clauses that may leave them liable …

New Cyber Insurance Package Protects Hedge Funds’ Trade Secrets and Fees

Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance …

Aon and Fixico Offer Digital Car Repair Solution for Fleet Clients in Belgium

Aon is partnering with Fixico to offer a fully-digital solution to handle car repairs for Aon’s fleet clients in Belgium. Fixico offers a digital platform for car repair handling, which is directly connected to a wide network of selected high-quality …

Digital Broker Kelly Klee Launches Online Coverage Plan for Private Clients

Kelly Klee, Inc., a digital insurance broker in the high net worth space, has released a customizable online coverage plan for private client insurance. The new Kelly Klee online coverage plan allows consumers to see quotes for all their assets, …

Zurich Updates Cyber Insurance Policy, Includes More Coverages

Zurich Insurance has launched Zurich Cyber Insurance Policy with an updated form designed to help businesses protect themselves from cybersecurity risks. The new form replaces Zurich’s Security & Privacy policy and brings together coverages previously available only through endorsements. Through …