Markets/Coverages News

Central Florida’s Insurance Land Joins Renaissance Alliance

Insurance Land, an independent agency with offices in Sanford and Deland, Florida, has joined the Renaissance Alliance network of agencies, the firm said in a news release. The agency, in business since 1984, offers commercial and personal lines and will …

Delos in California Launches New Program to Expand Wildfire Insurance Options

Delos Insurance Solutions launched a program to expand homeowners insurance options for Californians facing wildfire risks and provide full home insurance policies to homeowners currently on the California Fair Access to Insurance Requirements (FAIR) Plan. Delos has partnered with insurance …

Markets/Coverages: Hub International Launches Professional & Exec Risk Practice

Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability, professional liability, tech/cyber, and transactional risk insurance placement capabilities, …

Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments

Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume its participation in the accord. “In response …

Russia Says it Will Resume Participation in Ukraine Grain Deal

Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and …

Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources

Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after Russia suspended its participation, industry sources said on Tuesday. An export deal, agreed by Russia and Ukraine and brokered by …

Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments

Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on Monday. Moscow said it was …

Grain Ships Sail From Ukraine Despite Moscow Exit From Deal; Insurance Cover Paused

Ships brought grain from Ukrainian ports on Monday, suggesting Moscow had stopped short of reimposing a blockade that might have caused world hunger, despite suspending its participation in a U.N. program to safely export grain from the war zone. Air …

AmTrust Purchases DUAL North America’s Middle Market Management Liability Practice

AmTrust Financial Services Inc. announced it has acquired the middle market management liability business of DUAL North America, which includes its underwriting team and renewal rights to the portfolio. As part of the transaction, seven DUAL professionals will join AmTrust’s …

Everest Insurance Launches Branches in France and Germany

Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the opening of two new branches in Paris, France and Düsseldorf, Germany. Plans for a third European branch opening in Madrid, …