ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of the first Lloyd’s market consortium for motor treaty business. The consortium, led by ArgoGlobal and supported by Barbican Insurance Group, was established in time for Jan. 1 …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has received an insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre (DIFC). It also has named Alessandro Cerase as its senior executive …
The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The product is tailored for U.S. companies with revenue between $150 …
Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides the organization with US$1.36 billion of capital markets’ protection. The bond …
XL Catlin has enhanced its online P&B aviation insurance platform, VB Bind Speed, with added, instant servicing options for brokers. According to Eric Donofrio, North America regional manager of XL Catlin’s aviation insurance business, the enhancements, give brokers instant online …
Betterview, a drone-based inspection company specializing in risk and damage assessments, has formed an agreement with Munich Reinsurance America, Inc. (Munich Re) to offer drone imagery, analysis and reporting to Munich Re’s insurance company clients. As part of the agreement, …
The Hartford has enhanced ICON, its online quoting system for agents and brokers, to include access to quote employee benefits as well as excess and surplus (E&S) coverage for their small business customers. Employee benefits are now integrated with the …
Apple Inc. and Cisco Systems Inc. have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, which also includes insurance broker …
Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge Underwriting, which will begin underwriting in March, will offer relevant lines sizes …
The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to enable quick and efficient authorization of claims …
