Markets/Coverages News

Markets/Coverages: Canopius Expands Into US Excess Casualty Market

Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the domestic U.S. excess casualty market on Canopius U.S. Insurance Co. paper. Canopius said the move underscores its commitment to expanding …

The Hartford Launches Digital Submission Capabilities for Midsize And Large Accounts

The Hartford said it expanded its digital capabilities with new submission and quote Application Programming Interfaces (APIs), and portal options for agents and brokers who write midsize and large businesses. The new capabilities save time, provide faster turnaround, and increase …

Orion180 Expands into Mississippi, Alabama

Orion180, one of the latest entrants into the Florida market, has also begun writing homeowners policies in noncoastal areas of Mississippi and Alabama. The policies will be written through admitted insurer Orion180 Select Insurance Co., the Melbourne, Florida-based firm said …

Mercury Introduces New Umbrella Policy as Bodily Injury Costs Rise in California

Mercury Insurance is introducing a new personal umbrella insurance policy for Californians that is designed to offer extra protection with bolstered coverages as the company notes that bodily injury payouts continue to climb year over year since the pandemic started …

Insurance Navy Auto Insurance Expanding into Las Vegas

Insurance Navy Auto Insurance is expanding into Las Vegas, Nevada with its car insurance offerings. Insurance Navy Brokers opened its first location in Las Vegas, at 3266 Las Vegas Blvd N STE 12. The new branch in Las Vegas, will …

Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView

A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance market. The Cyber Industry Loss Index reports affirmative U.S. …

Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber

Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called Cyber Partnership Platforms, is designed to enable …

Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform

Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint. The updated platform features new technology that will improve the performance and efficiency of underwriting and catastrophe management …

Orion180, Headquartered in Florida, Now Approved to Do Business in the State

Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180, founded in 2016, with corporate offices in Melbourne, Florida, has been approved by state regulators as a property and casualty …

Markets/Coverages: Cover Whale, CoverWallet Partner on Trucking Insurance

Insurtechs Cover Whale and Aon’s CoverWallet said they have partnered on providing commercial trucking insurance. The collaboration brings together Cover Whale’s trucking insurance capacity with CoverWallet’s distribution strengths. Cover Whale will offer its advanced telematics and proprietary quoting and binding …