Markets/Coverages News

Howden Re and TigerRisk to Create Largest Global MGA

Howden Re and TigerRisk Partners have announced the creation of a new group, Howden Tiger SabRE, comprising the existing global MGA and program capabilities of Howden Re and TigerRisk. The new MGA will be in place following the completion of …

Markets/Coverages: Beazley, Paragon Partner on Weather Guard; Praedicat, Experian Collaborate on D&O Models; Armadillo Expands With 100 Agencies

Beazley to enter distribution partnership with Paragon for Weather Guard Specialty insurer Beazley announced a new, efficient and effective online portal solution for its leading Weather Guard product. The new robust online portal, created in partnership with Paragon, will provide …

Commercial Auto Insurtech Fairmatic Raises $42M

Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance market. Fairmatic started back in May 2018 and did …

Program Manager McNeil, New York Cannabis Industry Form Workers’ Comp Group

Insurance program manager McNeil & Co. and the Cannabis Association of New York (CANY) are forming a workers’ compensation safety group for the New York cannabis industry. The two said the New York State Insurance Fund (NYSIF) recently gave initial …

Behavioral Health Linked to Workers’ Comp Recovery: Study

Psychosocial factors are strong predictors of delayed recovery and other adverse outcomes in patients with work-related injuries. A recent white paper from the Workers Compensation Research Institute (WCRI) examines the correlations between a worker’s mental health and the time it …

Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects

Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the …

SURE Expands Offerings in Storm-Prone North Carolina

SURE, a member-owned insurance company for coastal homeowners, has expanded to North Carolina, a market that continues to harden. The coverage will be underwritten by SageSure, the managing general underwriter for SURE, the company said in a news release. SURE …

CNA Hardy Online Raises Attachment Points for Excess-of-Loss Cover to £150M

CNA Hardy, the specialist commercial insurer that writes business within the Lloyd’s and company markets, announced increased flexibility in the attachment points available from its online excess-of-loss platform. By increasing the maximum attachment point capability from £25 million to £150 …

Markets/Coverages: At-Bay Launches Misc. Pro Liability; Cover Genius Partners with Zip

At-Bay Expands Insurance Offerings With Launch of Miscellaneous Professional Liability At-Bay announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically underwritten policy that customizes coverage and pricing across more than 50 diverse …

Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins

Boston-based Sayata said it has added CFC to the Sayata platform, offering brokers full access to CFC’s award-winning cyber insurance offering for small and medium businesses (SMBs). CFC’s cyber insurance solution offers proactive threat intelligence to help customers identify and …