Markets/Coverages News

London Market’s Placing Platform, PPL, Adds P/C Lines to Growing Roster of Risks

PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform. The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now also writes political violence, financial and professional …

NORCAL Mutual Expands MPLI Offerings to Tennessee

NORCAL Mutual Insurance Company is now offering coverage to health care professionals in Tennessee. This is the latest in NORCAL’s national expansion, which now reaches 39 states, including the District of Columbia. NORCAL is a medical professional liability insurance (MPLI) …

BHSI Creates Excess Integrated Follow Form for Contractors

Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple first- and third-party insurance policies, for contractors in the U.S. and Canada. The new BHSI policy provides excess follow form …

Prospect General Expands Admitted Residential Flood Program into Arizona

Prospect General Insurance Agency has expanded its admitted residential flood insurance product, Flood Guard, into Arizona. Flood Guard provides residential flood coverage and is an alternative to the National Flood Insurance Program (NFIP). Through its rating algorithm and online platform, …

SafeWaters Underwriting Managers Adds Yacht Insurance Capacity Through Everest

SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. According to Jorge Pecci, CEO of …

Allied World Adds Phishing Assessments to Cyber Risk Management Platform

Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied World’s cyber policyholders access to two customized, simulated phishing assessments per …

QBE North America Forms Alliance with MGA Professional Risk Facilities

QBE North America, an operating division of QBE Insurance Group Ltd., announced a strategic program underwriting alliance with managing general agent Professional Risk Facilities (PRF), designed to offer coverage for miscellaneous errors & omissions (E&O) cover, media liability, tech E&O …

Beazley Launches Suite of Financial Lines Products in Spain

Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s Spanish team of underwriters launch a set of …

QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius

QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal comes as the Australian insurer’s venture arm closed …

Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance

Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is canceled or delayed. “The frustration of a flight delay or …