Markets/Coverages News

Lloyd’s Market Association Launches Claims Development Training Tool

The Lloyd’s Market Association (LMA) has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every stage of their careers. Modernizing claims handling at Lloyd’s is …

NAS Insurance Adds Miscellaneous E&O Coverage for Architects, Engineers

NAS Insurance Services has released a new miscellaneous E&O architects and engineers (A&E) insurance product that includes coverage for technology services and cyber liability coverage. NAS’ Architects and Engineers insurance provides three insurance products in one: A&E professional services liability …

Zurich, Insurtech Startup CoverWallet Offer End-to-End Insurance for SMEs in Spain

Zurich Insurance has launched ZurichEmpresas.es, a new digital distribution channel, which initially will provide insurance solutions for small-and-medium-sized enterprises (SMEs) in Spain. The platform, powered by CoverWallet, will provide end-to-end insurance solutions, streamlining the entire process for business owners and …

Brit Expands Capacity for Bermuda Sidecar Versutus & Lloyd’s Syndicate 2988

London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018. Marking the fourth annual renewal and continued expansion of this vehicle, Versutus …

Gas Trading Platform Pegas Developing Temperature Products to Hedge Weather Risks

European gas trading platform Pegas said it is developing temperature products, which if approved could go live next year and help energy operators hedge weather risks. “A final plan will be presented to the exchange’s top management in the third …

SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage

SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited. Effective immediately, SafeWaters will …

UK’s Pool Re Launches Terrorism Risk Assessment Tool to Help Insureds Cut Premiums

Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large businesses, this tool will enable Pool Re member insurers to offer a 5 percent premium discount to insureds which “implement …

QBE, Huntersure to Offer Architect, Engineer, Contractors PL Coverage

QBE North America has formed a strategic program underwriting alliance with Huntersure LLC, to offer its professional liability coverage for small to mid-size architectural, engineering and contractor businesses nationwide through Huntersure. The coverage will be provided on a non-admitted basis …

Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot

Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water damage claims. The Roost Smart Water …

Liberty Specialty Markets’ French Operation to Expand Product Range, Increase Team

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its French operation and increase the size of its team. It will also make a series of investments in its French …