Markets/Coverages News

Connecticut Regulator Opposes Letting Self-Storage Businesses Sell Insurance to Tenants

Owners of self-storage businesses in Connecticut want to be able to sell property insurance to their tenants but the state insurance regulator thinks that is a bad idea. According to Joe Doherty, lobbyist for the national Self Storage Association, 42 …

Aon Updates Europe Windstorm, Severe Convective Storm Models

Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent. Windstorm …

Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By adding additional capacity to the market in this …

Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights

Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s technology and data for Apollo’s underwriting and portfolio management. Praedicat’s CoMeta™ platform creates underwriting …

New York City Launches Parametric Flood Program With Insurance, Tech Firms

Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance program for low and moderate income households in …

Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK

Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in the fast-growing independent media sector. The team, headed up by Maia Olesen, client director, will focus on independent advertising agencies …

Markets/Coverages: CNA Hardy Launches 1st in Series of Products for Int’l Clients

CNA Hardy, the specialist commercial insurer that operates within the company and Lloyd’s markets, announced the launch of a new portfolio of bespoke package products built specifically for multinational businesses, called “Atlas.” Building on CNA Hardy’s existing suite of combined …

Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First

CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and is the first provider in the industry to do so. Leveraging its mobile app for cyber to deliver the encryption …

Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage

Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This new coverage and service offering was introduced Feb. 8 in select states with additional states to follow. Insurtech Talage built …

Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms

Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms. Across the full lifecycle of investments, …