Markets/Coverages News

CyberPolicy Expands Cybersecurity Offerings for Small Businesses

CyberPolicy, a wholly-owned subsidiary of CoverHound Inc. that offers an online cyber insurance and security product for small businesses, has unveiled a new set of complimentary offerings to help small businesses protect against cyber threats. The new “Plan. Prevent. Insure.” …

Navigators to Offer Protective’s Workers’ Compensation as Part of Multiline Offerings

The Navigators Group, Inc. and Protective Insurance have agreed to an underwriting partnership offering Protective’s workers’ compensation coverage to Navigators’ insureds. Navigators said the partnership supports its continued expansion of multiline insurance policies that bundle together coverages for a range …

New Endeavor Cyber Product Designed to Protect Manufacturers From Physical Damage

Delegated authority specialist and Lloyd’s Broker Endeavour Insurance Services has launched a new cyber security coverage program, Ensconce, designed to protect manufacturers from the risk of physical damage caused by cyber attacks. The Ensconce coverage responds to the increasing risk …

XL Catlin Enhances Design Professionals Professional Liability Platform

XL Catlin has enhanced its online underwriting platform for design professional brokers to offer capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects, engineers, and other design professionals. The technology is compatible on …

UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover

Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty to underwrite a book of global property facultative reinsurance business targeting …

SkyWatch, STARR to Offer Usage-Based Insurance to Drone Industry

SkyWatch, a data analysis, risk-assessment and risk-reduction platform for the drone industry, has signed an exclusive partnership deal with Starr Companies (Starr) to offer a telematics-based UAV insurance platform. The partnership will allow Starr to expand their existing UAV insurance …

Everest Unveils Cyber Insurance Policy for Companies in All Industries

Everest Re Group, Ltd. has launched Everest Insurance Cyber Elevation Insurance Policy, which provides comprehensive cyber coverage and risk mitigation and remediation services to companies across all industry classes. According to Everest’s Cyber Insurance Practice Leader, Kevin Sherry, Cyber Elevation …

Schinnerer Launches PL Coverage for Materials Transparency Consultants

Underwriting manager Victor O. Schinnerer & Company has launched a dedicated professional liability policy for materials transparency consultants. Born out of the Leadership in Energy and Environmental Design (LEED) rating system, materials transparency consultants work with architects and engineers to …

AIG Launches Travel Insurance on Demand App in Canada

Travel Guard Group Canada, Inc., the Toronto-based subsidiary of AIG, has launched a travel insurance app allowing Canadian customers (except Quebec residents) to purchase coverage in blocks of time through their iPhone. Customers can now conveniently optimize travel insurance in …

XL Catlin to Offer Network Modeling, Cyber Risk Scoring Platform Through RedSeal

XL Catlin and RedSeal have partnered on a new approach to cyber insurance using an objective measurement of a network’s resilience to help underwriters evaluate their clients’ risks over time and help clients continue to improve their cybersecurity and potentially …