Markets/Coverages News

Validus Specialty, Eagle Ocean America to Offer Marine Vessel Operator Coverage

The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. has partnered with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies, to offer new hull, liability and ancillary covers to serve U.S. vessel …

TMK Launches Cyber & Services Cover to Help Combat Evolving Cyber Threat

Tokio Marine Kiln (TMK), the London-based specialist and corporate insurance business, launched Cyber Ctrl, a new insurance and services policy to protect clients against the impact of cyber attacks. Addressing an overwhelming demand for more comprehensive coverage and prevention services, …

Ex-AIG Execs Kick-Off New High Net Worth Insurer Vault in Florida

It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A pull …

Endeavour Expands Capability of Claims Platform Used by Canadian Coverholders

Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has added new functionality, including Lineage compatibility, to its Advantage claims platform, further improving claims handling for Canadian coverholders and third party authorities (TPA). Developed in partnership with Advent Claims and …

The Death of Underwriting and Underwriters

Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced in many ways. For example, what if …

Endeavour Launches Deductible Buyback Program for Construction Wraps

Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has launched a subcontractor deductible buyback program for large construction wraps designed to support local contractors in the USA. Distributed through Endeavour’s local USA partner via an online web portal, the …

ISO Says Cyber Insurance Program Now Available in 42 States

ISO’s cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk company says is more than three times the number of …

More School Districts Buying Active Shooter Insurance

Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting. Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a dozen injured, seven South …

General Star Launches Allied Health, Churches & Schools Programs

General Star Management Company has launched Allied Health and Churches & Schools Programs to be offered through Promont Insurance Advisors, the program administrator. Together, they will provide eligible risks with customized insurance coverage. The programs will be written on a …

XL Catlin Introduces Brexit Continuity Clause to Address Risk of Loss of EU Passporting

XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become impermissible if passporting rights are lost as a consequence of the …