Markets/Coverages News

SIS Wholesale Insurance Services Launches Online Builders Risk Program

Commercial lines insurance program administrator Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, has launched a new online builders risk program available in all 50 states and Washington D.C. SIS’ Builders Risk Program is delivered via its online rating …

Beazley Establishes Marine Insurance Platform In U.S.

Beazley has established its new U.S. marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction marine platform sectors. Beazley has been an insurer of marine risks in the …

Willis Towers Watson Launches Updated Capital Modeling Platform, Igloo 5

Willis Towers Watson has launched Igloo 5, an update to its financial modeling platform. The broker said Igloo 5 brings a number of key improvements including: Greatly improved model runtime Ready for use-based licensing and full implementation in the cloud …

Starr Cos. Forms Canadian A&H Division, with Claughton & Hughes at Helm

Starr Cos. has launched an Accident & Health Division, based in Toronto, Canada. A&H coverages provided include business travel accident; group basic and voluntary accidental death & dismemberment; critical illness; and emergency out-of-province medical. “Starr continues to expand its capabilities …

Worldwide Facilities to Offer CBIC Design Professionals Program

Worldwide Facilities has been appointed by CBIC, an RLI Company, to offer its insurance program for design professionals. The program’s target classes include architectural firms, landscape architects, civil and structural engineers, surveyors, and interior designers. Construction and project management consultants …

Pool Re to Include Physical Damage from Cyber Terrorism, Effective April 2018

Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be available in April 2018. The …

Starr Cos. Forms Agreement with SMARTT MGA for General Aviation Business

Starr Cos. announced an agreement with SMARTT MGA to act as agents for Starr International (Europe) Ltd. to provide automated quotes and policy documentation for light general aviation business. “We have built a close and fruitful relationship with SMARTT and …

BHSI Introduces Contractors Plant & Equipment Cover in Australia

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced a new Contractors Plant & Equipment (CP&E) policy for customers in Australia. “With this new policy, contractors can easily and efficiently address their property damage and liability exposures, including road …

CAMICO Simplifies Professional Liability Application for Small Accountant Firms

CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has introduced a new insurance application for smaller CPA firms. The online, interactive application guides users through a three-step process for accountants professional liability (APL) insurance. …

Hiscox Launches Coverage Suite for Financial Services Firms

Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms. Hiscox FS provides financial services …