Markets/Coverages News

WTW’s New Global Ecosystem Resilience Facility Provides Finance, Risk Mgmt Solutions

Willis Towers Watson, the London-based advisory, broking and solutions company, has developed the Global Ecosystem Resilience Facility (GERF), which it describes as the first global insurance facility to provide finance and risk management solutions to build the resilience of ecosystems …

Hiscox Launches Mental Health Professional Liability Policy

Hiscox has added new coverages to its insurance policy for U.S. businesses in the mental health industry. Hiscox PRO Outpatient Mental Healthcare Professional Liability offers a variety of specialized benefits for mental health professionals tailored to cover emerging risks in …

Castel Bloodstock Secures New Binder with Lloyd’s Capacity

Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality …

Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W

Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides management liability protection for private company business leaders, Validus Specialty …

Barbican Strengthens Cyber Cover with Incident Response, Phishing Exercises

Barbican Insurance Group announced it has further strengthened its cyber insurance cover by providing incident response exercises and phishing simulation as part of the overall package. The guidance will be delivered by enterprise risk and cyber security consulting firm TSC …

ICW Group Expands Workers’ Comp Coverage Into 5 New States

ICW Group Insurance Companies, a group of property and casualty carriers, is now writing workers’ compensation insurance in five new primary states — Iowa, Kentucky, Maryland, Minnesota and Missouri, the company’s regional and national presence. The company has expanded the …

Iron-Starr Excess Agency Increases Capacity for Property Risks

Iron-Starr Excess Agency Ltd. (Iron-Starr), an excess specialty insurance lines managing general underwriting agency operated by Ironshore, has expanded its relationship with Oil Casualty Insurance Ltd. (OCIL) to underwrite property lines. Iron-Starr has underwritten coverages on behalf of OCIL, a …

Y-Risk Approved as Lloyd’s Coverholder for Cyber, Technology E&O Product

Y-Risk, LLC, a specialty underwriting management company, has been approved as a Lloyd’s coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd’s syndicates. Y-Risk is now offering its new Y-ProTech insurance policy which provides coverage …

USI Affinity to Offer The Hanover Lawyer’s PL Product in Select States

USI Affinity has entered into an agreement with The Hanover Insurance Company to provide an enhanced lawyer’s professional liability insurance product in the following states: N.J., Mass., D.C., Conn., Md., Va. and W.V., effective Sept. 1, 2018. The USI Affinity …

AIG Partners with Expedia to Provide Travel Insurance

Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers. The move is part of a strategy by AIG …