Markets/Coverages News

Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo

National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes the addition of over 400 workers’ compensation classes, including contractors, healthcare, hospitality, …

Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity

Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this partnership, Ki will become the first algorithmic …

Markets/Coverages: Green Shield Introduces Specialty Homeowners Platform With INSTANDA

Chicago-based Green Shield Risk Solutions has announced the introduction of its specialty homeowners insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quoting, binding and management of affluent homeowners’ insurance in catastrophe-prone states. …

Markets/Coverages: Howden Launches Climate Parametrics Practice to Help Clients Derisk Net-Zero Climate Transition

Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions on meeting the escalating demand for climate derisking capabilities across industries, …

Tech Update: Xceedance Offers Cat Modeling Services to Reinsurers During Renewals

Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to support reinsurers during peak renewal times. In the lead up to a renewal, reinsurers see …

Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility

iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess of loss limit. Drawing on …

Middle-Market Companies Report Performance Improvements

New data from Chubb and the National Center for the Middle Market shows nearly 75% of middle-market companies report an improvement in overall performance compared to last year — a record high statistic shared in the insurer’s biannual Middle Market …

Markets/Coverages: Coalition, MS&AD Insurance Offer Cybersecurity Solutions in Japan

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced a strategic partnership with Japan’s MS&AD Insurance Group to provide cybersecurity monitoring solutions for small and medium-sized businesses (SMBs). MS&AD Insurance Group, the largest non-life insurer in Japan …

Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches

Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. Coalition offers executive risks …

MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group

Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty re/insurer. Financial details of Convex’s investment were not disclosed. Skyrisks said AAM …