Markets/Coverages News

AmWins Connects Says it Has Expanded to Florida Market

Amwins Connect, a national general agency that offers health and ancillary insurance solutions to benefits brokers, said it has expanded into the Florida market. The agency assists brokers with sales, renewals, administrative help, and post-sales servicing, to help manage and …

Lockton Re Launches SAGE 2.0 to Boost Reinsurance Analytics

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, launches Lockton Re SAGE 2.0, its next level of analytics features and tools as part of Lockton Re’s proprietary software platform. “Lockton Re’s SAGE is …

Chubb in Advanced Bancassurance Talks With Hong Kong’s Hang Seng Bank: Sources

Chubb Ltd. is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details …

Weachter Agency in Tampa Joins Renaissance Alliance

Tampa-based Rip Weachter Insurance agency has become part of the Renaissance Alliance, a rapidly growing national network of independent agencies. Rip Weachter, founded in 1989, offers personal lines, commercial lines, contractors’ liability, workers’ compensation and cyber insurance coverage, the companies …

InsureScan Expands Auto Insurance Tech Approach to Alabama

InsureScan, a company that says its software can help agents quote and bind auto coverage in a few minutes, has expanded to Alabama. CEO Mark Chappell, who is based in Alabama, said that while some insurance companies are bypassing local …

Markets/Coverages: Earnix, Guidewire Partner; XPT Unifies Brands; Franchise Hotel Program at Suitelife; New Hotel Umbrella Option at Distinguished

Earnix and Guidewire Partner Guidewire and Earnix announced that the two companies have launched a collaborative effort to facilitate faster adoption and increased ongoing performance of their shared offerings. Earnix is a global provider of real-time AI-driven rating, analytical underwriting, …

Catastrophe Data Company PERILS Expands Coverage to Include European Flood

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has announced the expansion of its market coverage to include exposure and event loss data for European floods. The new service is in addition to PERILS’ windstorm coverage in …

Gallagher Re Launches Academic Research Center

Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr. Tina Thomson as global head of Research, the GRC is …

Markets/Coverages: AXIS Cyber and Liability Policy for SMBs; Moody’s ESG Underwriting Solution; CyberCube, AkinovA Partner on Cyber Analysis

AXIS Launches Streamlined Cyber and Liability Policy for Small and Mid-Sized Businesses AXIS Capital Holdings Limited said it launched an insurance policy that offers custom-built cyber and specialist liability coverage for companies with up to $2 billion in revenue. The …

Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand

Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, specialty and E&S products placed by retail brokers will be under the Liberty Mutual …