Markets/Coverages News

Guy Carpenter Partners with RPC Consulting to Offer Re/Insurance Analytic Platform

Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced a multi-year, global strategic partnership with Reynolds Porter Chamberlain Consulting (RPCC) to license and develop proprietary applications to run within …

High-Net Worth Insurer Vault Enters South Carolina

Vault, an insurer focused on the high net-worth personal insurance market, has officially opened for business in South Carolina. Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Vault’s business model, built …

Cabrillo Coastal Launches Flood Coverage Endorsement for Florida Homeowners

Cabrillo Coastal General Insurance Agency, headquartered in Gainesville, Fla., is now offering a flood endorsement for new or existing homeowners policies for their admitted programs in Florida. Cabrillo’s flood product was built from a different rating structure than the National …

AIR Worldwide Updates Wildfire Model with Event-Based Risk Management Approach

Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost conterminous states. The event-based modeling approach …

New Specialty Offering from HUB Targets Cannabis Producers, Distributors, Retailers

Global insurance brokerage Hub International Limited (HUB) has formed a comprehensive cannabis insurance and risk services offering under its Agribusiness & Farm Specialty Practice. The new offering is designed to reduce risks in all aspects of operations for medical and …

New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model

A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction. HoneyQuote.com, launching next month, was created by Franklyn Taveras and …

Tower Hill Specialty Expands Into 5 New States, Adds Carrier

Tower Hill Specialty, a managing general agency based in Ohio, has begun offering property insurance policies in Georgia, Indiana, Ohio, Texas and Wisconsin. The company, which offers property insurance for homeowners, niche risks including seasonal and rental homes, fixer-uppers, manufactured …

Marsh Launches Solicitor’s Professional Indemnity Solution in England, Wales

Marsh has launched a new insurance solution to assist small and mid-sized law firms in England and Wales in managing their professional indemnity (PI) risks. Available exclusively to Marsh clients, the solution uses analytics and independent performance data to model …

AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs

Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU). Argonaut Insurance Co. is providing the insurance capacity for both ASLU and …

G2 Insurance Adds Digital Roadside Assistance Platform for High Net Worth Clients

G2 Insurance Services has partnered with Urgent.ly, a global, digital roadside assistance platform, to offer roadside assistance services to G2’s high net worth clients. G2’s Personal Risk Management clients will be assigned a dedicated phone number that will allow access …