Markets/Coverages News

MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams

Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The capacity will support nine new underwriting teams which will work across seven classes of …

XL Catlin Adds Cyber Solution to UK Casualty Insurance Offering

XL Catlin’s insurance operations in the UK announced the extension of its casualty insurance offering to include a cyber solution. The endorsement – which is designed for mid-sized and large companies that don’t require a stand-alone cyber solution – is …

XL Catlin Updates Coverage for Environmental Contractors, Consultants

The North American Environmental Unit of XL Catlin has updated its professional and pollution insurance coverages for contractors and environmental consultants. New additions to XL Catlin’s Professional and Pollution insurance for contractors and environmental consultants include: Green building materials expense …

London Market’s Electronic Placing Platform, PPL, Now Trades Aviation Risks

The London market’s electronic placing platform, PPL Ltd., announced that aviation classes of business went live on the platform on June 11. “With only reinsurance and verticalized placements left to go, this latest release means that underwriters and brokers are …

Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK

European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re. EPUL’s stand-alone terrorism policy provides material damage and …

XL Catlin Launches Auto Terror Protect Coverage for Vehicle Terrorist Attacks

XL Catlin’s has launched a new insurance product for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. According to Mark Steddon, senior underwriter, Terrorism & Political Violence at XL Catlin, the use …

Westlake Launches Spot Insurance for Auto Dealers in California

Westlake Financial Services has launched the Spot Delivery Insurance program, underwritten by Knight Management Insurance Services, LLC, for its dealer partners in California. Westlake’s new Spot Insurance program is designed to provide auto dealers short term insurance on the vehicle …

MDP Programs, NTIS to Offer Historic Property Program with Great American

MDP Programs and National Trust Insurance Services, LLC, divisions of Maury, Donnelly & Parr, Inc., have formed a new strategic relationship with Great American Insurance Group’s Property & Inland Marine division. This relationship combines NTIS/MDP’s Historic Property Program, which provides …

Digital Workers’ Comp Agency Pie Insurance Enters 3 More States

Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven as in March it began selling in Illinois, Georgia, Tennessee …

Pembroke Syndicate 4000 Adds Cyber Endorsement to Investment Management Policy

Pembroke Syndicate 4000 has developed an endorsement for its Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard IMI policy wording to clarify and expand the scope of protection …