Markets/Coverages News

New Coalition Cyber Coverage for Real Estate Industry Targets Smart Buildings

Coalition, a technology-enabled cyber insurance provider, has launched a new cyber insurance offering specifically designed to address emerging risks, such as the internet of things (IoT), facing real estate developers, property managers, and other businesses across the real estate industry. …

NBIS Partners with Old Republic on Insurance for Heavy Equipment Industry

NationsBuilders Insurance Services, Inc. (NBIS) has formed a new market partner relationship with Old Republic Specialty Insurance Underwriters. NBIS is adding coverage authorized by Old Republic Specialty Insurance Underwriters to further its insurance options for the heavy equipment industry including: …

New ISO Program Targets Home Healthcare Insurance Market

ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business. The aging population is one factor in the significant expansion of home healthcare in the …

OneBeacon Creates Modular Medical Technology Product for Life Sciences Risks

OneBeacon Technology Insurance, a member of OneBeacon Insurance Group, has introduced a modular medical technology product/ professional liability policy – Medical Technology Solutions – tailored to address life science companies’ exposure to products/completed operations, cybersecurity and communication liability risks. Through …

QBE Adds Inland Marine Property Coverage for Construction Risks

QBE North America is continuing its inland marine product expansion with the launch of The Solution for Builder’s Risk, a comprehensive policy offering with coverages tailored for construction projects. Features of this new product include capacity up to $250 million …

Allianz Global Corporate & Specialty Expands Cargo Coverage

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has expanded its Project Cargo offering through a direct partnership with its Engineering division. The new collaborative approach will allow AGCS to provide continuous end-to-end coverage for companies managing …

Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market

A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve the cyber insurance problem for small …

Castel Specialty Taps White to Lead New Political Risk Division

Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White, Castel Political Risk will primarily underwrite contract …

New Marsh Coverage Protects Businesses From Pandemic Losses

Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk modeler Metabiota, is a …

Millstream Creates Caritas Insurance Package for International Charities

Millstream Underwriting, part of independent specialty managing general agent Nexus Group, has launched Caritas, a new product that combines several lines of business the company underwrites into a specifically designed insurance package to address the needs of international charities and …