Markets/Coverages News

RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being expanded to include new peril models for India …

New Agency Meddix Insurance Launches in Southeast

Rocky Mount, N.C.-based MSH Insurance Agency has launched a new retail insurance agency to service clients in the hospice, home health and durable medical equipment industries. The new agency will be called Meddix Insurance, and will offer general liability, property, …

Liberty Mutual Increases Per Risk Property Insurance Capacity to $800M

Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to Gregg Cunningham, general manager, National Insurance Property, …

JLT Re Partners with Cyber Risk Modeling Platform, CyberCube

JLT Re, the London-based reinsurance broker and consultancy, announced it has formed a partnership with CyberCube, the cyber risk modeling platform. JLT Re’s existing cyber and enterprise modelling tools, combined with CyberCube, will provide unique insights to help clients manage …

Willis Towers Watson Launches Cyber Coverage for Construction Industry

Willis Towers Watson has launched tailored cyber insurance coverage for the construction industry. CyCon was developed in close cooperation with specialty cyber insurance provider NAS Insurance Services and is available nationwide. The coverage includes a blend of first- and third-party …

Willis Towers Watson Releases New Version of Radar 4.1 Pricing Software

Willis Towers Watson has launched an updated version of its Radar software, which harnesses the latest technology to improve commercial lines’ pricing and underwriting. The enhanced features of Radar 4.1 include: Further integration of Radar Live, Willis Towers Watson’s point-of-sale …

Cyber Business Interruption Risks Still Difficult to Figure

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the growing area of non-physical threats? This question was raised among panelists at the 2018 PLUS Cyber Symposium, held …

Ironshore Forms Onshore Middle Market Energy Equipment Facility

Ironshore Insurance Services LLC has formed an energy equipment facility offering property and inland marine insurance coverage for onshore middle market classes of business in the U.S. Ironshore’s Syndicated Risk Services (SRS) will underwrite the middle market sector risk on …

Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses

Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and first-party cover for losses from cyber attacks. It also provides …

On-Demand Insurance Agency Trōv Expands Into U.S., Launches in Arizona

Trōv, a global on-demand insurance agency, has expanded into the United States, starting with insurance for single items in the state of Arizona. Munich Re’s Digital Partners provides underwriting capital through its global strategic alliance with Trov. The company’s Arizona …