Markets/Coverages News

Patent Litigation Insurer RPX Insurance Services Partners with Great American

Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, have entered into a limited binding authority agreement. Under the terms of the agreement, RPX Insurance Services, which specializes in patent litigation insurance, …

Marsh Enhances Cyber Risk Products to Address Business Interruption Risks

Marsh has launched a suite of new and enhanced risk analytics and insurance coverages designed to address business interruption (BI) risks arising from cyber-attacks. Marsh’s new cyber BI suite includes proprietary insurance wording and risk assessment analytics, integrated into its …

Brownyard Group Rolls Out Library Insurance Program in 3 Eastern States

Program administrator Brownyard Group has launched By The Cover, a new insurance program for non-profit libraries. The program will be written through an A.M. Best Company “A+” rated carrier on an admitted basis in New York, Connecticut and New Jersey …

Cyber Analytics Firm Envelop Risk Launches Cyber MGA

Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to deliver custom cyber insurance products for their customers. …

Glatfelter Expands School Bus Contractor Coverage to 8 New States

Glatfelter Public Practice (GPP), a division of Glatfelter Insurance Group, has expanded its Independent School Bus Contractor insurance program to eight additional states, bringing the total number of states it is available in to 22. This specialized program, which was …

Willis Towers Watson Partners with IBM Security to Expand Cybersecurity Services

Willis Towers Watson will begin integrating IBM Security’s suite of services – from security testing and technical assessments to incident response and cyber resiliency services – to help clients assess, protect and recover from cybersecurity threats. According to Willis Towers …

Marsh Develops Commercial Blockchain Solution for Proof of Insurance

Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, Marsh said the certificate of insurance process will be transformed “from …

HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong

HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy Austen. Subject to regulatory approval, NuVu Underwriting …

AXIS Launches Cyber Center of Excellence to Help Mitigate Cyber Risks

AXIS Capital Holdings Ltd. has launched the AXIS Cyber Center of Excellence, which aims to provide commercial insurance products and solutions for mitigating cyber risks. The AXIS Cyber Center of Excellence is intended to address the more than $445 billion …

Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform

Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want to generate extra …