Markets/Coverages News

Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings to environmental contractors and consultants, expanding the company’s participation across the design and construction lifecycle. Vantage’s pollution and professional liability …

Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs

Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its AI-rich data analytics and national security-grade threat intelligence, Measured’s CyberGuard …

New MGA in Florida Shows More Growth in Private Flood Market

The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating officer of Neptune Flood, a …

Markets/Coverages: Bold Penguin Partnering With NEXT Insurance

Bold Penguin has partnered with NEXT Insurance, a leading technology-first small business insurer, to enhance small business coverage options on the Bold Penguin Terminal. Per a press release, through this partnership, Bold Penguin users will gain access to NEXT’s General …

Markets/Coverages: Aon Offers Financial Institutions Solution With Capacity of $100M

Insurance broker Aon plc announced the launch of a flagship new insurance solution, FI Protect 360, created in collaboration with several leading London market insurers. FI Protect 360 is designed to address key operational risks faced by today’s financial institutions …

Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations

Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure directly addresses the global freight underinsurance crisis with data powered, AI-priced, …

Next Insurance Offering Allows Agents to Customize Small Business Quotes

Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder allows agents to micro-tailor small business quotes …

Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability

Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual attorney …

Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries

Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate vulnerable countries, with an initial focus on Fiji and Pacific island countries. Climate change is happening faster …

Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder

Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a handful …