Markets/Coverages News

Amwins Launches Excess Wildfire Product for California Residential Properties

Amwins Access launched its new Excess Wildfire Product, which is intended to complement a self-insured retention plan or the California FAIR plan or a similar plan. The product is written in partnership with PartnerRe Insurance Solutions Bermuda Ltd., which is …

Markets/Coverages: Cyber MGA Astaara Expands Capacity Limit to $25 Million

Astaara, the Guernsey-based managing general agent and risk management advisory business, has increased its underwriting capacity and insurance limit from US$12.5 million in 2020 to US$25 million with effect from April 1. Astaara’s cyber insurance covers ports and terminals, as …

Markets/Coverages: Beazley Updates Primary U.S. Public D&O Offering

Specialist insurer Beazley has announced a refreshed Primary U.S. Public D&O wording, available both in the London Market and on a Surplus Lines basis in the U.S. Beazley said it has taken the step to simplify their wording, which includes …

Richemont Builds Digital Platform to Help Police Fight Watch, Jewelry Theft

Richemont is building a digital platform to help police forces worldwide fight theft of luxury watches and jewelry. The platform is open to the entire luxury industry and owners can register their collections using the brand and serial numbers, the …

Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform

Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of Tremor services that can be accessed online by investors, issuers, bankers and …

Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses

UK insurer RSA announced it is exiting the UK personal lines motor market to focus on its core lines. The company explained the move by saying that the personal lines motor market in the UK remains extremely competitive and requires …

Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings

Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for cyber since 2020. Leveraging CFC’s award-winning trading platform and …

First Cap Launches Admitted Homeowners Program for California

First Cap Property Insurance Solutions has launched a new admitted homeowners program for California. The program includes Coverage A Limits up to: $1.5 million for HO3 $1 million for DP3 $300,000 for HO6 $250,000 for HO4 It includes urban or …

Markets/Coverages: Mosaic Adds Litigation Liability Cover to Professional Lines Offering

Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation solicitor Sarah Bowden has joined the global specialty insurer’s professional liability division to …

London Market Insurers Publish Guidelines for Marine Casualty Claims

New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between different parties involved in responding to resulting insurance …