Markets/Coverages News

Update: Amazon Launches Home Insurance Comparison Website for UK Customers

Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services across the globe. Ageas UK, Co-op, and LV= General Insurance, a unit of German insurer Allianz, …

Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium (LPCC) underwrites global project-related cargo risks. The facility, Consortium 7763, …

Markets/Coverages: Lockton Launches Digital Asset Custody Insurance Facility; WTW Launches Risk IQ Portal for Direct Access to Modeling Tools

Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers. The facility is supported by Lloyd’s syndicates, …

The Emerging Market for Active Assailant Insurance

So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the shooting at Robb Elementary School in Uvalde, Tex., or the attack during the Fourth of July …

Lockton Launches Entertainment & Sports Practice for Caribbean, Central America

Lockton Caribbean & Central America (CCA) announced the launch of the insurance broking industry’s first Entertainment & Sports practice focusing exclusively on the region. The new practice within Lockton CCA – the Miami-based wholesale insurance and reinsurance operation focused on …

Comp Insurer Antum Risk to Study Hospital Violence in South Carolina

The South Carolina Hospital Association plans to use data to address the growing issue of workplace violence, an effort that could ultimately affect workers’ compensation claim frequency and severity. The association announced it has hired South Carolina-based Antum Risk, a …

Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API

Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies from rapidly emerging liability risks. The Hamilton, Bermuda-based specialty insurer …

Insurtech Lemonade Launches in UK

Lemonade, the New York City-based insurtech that is powered by artificial intelligence, has launched in the United Kingdom, following previous international moves in France, Germany, and the Netherlands. Founded in 2015, Lemonade launched its flagship renters insurance in the U.S. …

Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters

Barbados has issued the world’s first government bond with a clause allowing payments to be suspended in the event of another global pandemic, a move expected to attract interest from dozens of other countries savaged by the COVID-19 crisis. The …

Markets/Coverages: BHSI Launches Multiple New Policies in Spain

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional indemnity and marine cargo insurance policies in Spain. “Launching our proprietary policy wordings in Spain is indicative of our commitment to leading domestic and …