Markets/Coverages News

MGA Rokstone Launches Parametric Insurance Product for Caribbean

Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a new Caribbean parametric product to complement its existing Lloyds Caribbean binder. The product provides reinsurance for hurricanes that intersect a …

Markets/Coverages: NJM Expands ProPack Into 3 States; Frederick Mutual Enhances Cyber Policy for Home, Business

NJM Offers ProPack Commercial Package Policy in More Mid-Atlantic States NJM Insurance Group is now writing commercial package policies in Delaware, Maryland and Pennsylvania with policy effective dates beginning August 1, 2022. The company began offering the product to New …

Markets/Coverages: Beazley Starts D&O for Crypto Companies; Notion PRO New 24/7 Professional Home Monitoring

Specialist insurer Beazley said it launched CryptoGuard, a new directors & officers liability (D&O) insurance product tailored specifically for crypto companies – the first of its kind in the London and US markets. The cover is designed to address the …

Markets/Coverages: BTIS and RLI Cater to Home-Based Businesses; Cover Genius Targets Midsize Retailers with Warranty App

BTIS Partners With RLI to Offer Nationwide Home-Based Business Insurance Managing general agent Builders & Tradesmen’s Insurance Services (BTIS) has launched a home-based business coverage that is available nationwide and underwritten by specialty insurer RLI. RLI’s home business insurance protects …

Small Business Digital Agency Coterie Enters New York; Now in All States

Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation. New York agents and brokers can …

Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has introduced a proprietary directors & officers insurance policy in France. “Our new D&O liability policy provides companies and their management across France with primary capacity backed by the stellar balance sheet, long-term …

Medical Professional Liability Insurance Market Improves but Still Unprofitable

The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch Ratings. Fitch said it expects results to …

WTW Enhances Climate Diagnostic Tool to Assist Climate-Related Reporting

Insurance broker WTW has enhanced the capability of its Climate Diagnostic tool, which was first launched in April 2021. In response to an increase in Task Force on Climate-Related Financial Disclosures (TCFD) reporting and the ever-growing need for transparency, WTW …

Insurtech MGA Loadsure Offers Smart Annual Cargo Insurance

InsurTech MGA Loadsure announced the launch of its new smart annual cargo product, Cargo Plus. The new offering is an annualized ocean cargo product that will deliver the financial convenience of a pay-as-you-go policy with the assurance that annual cover …

UK-Based MGA iprism Adds AmTrust to Property Owners Panel

iprism Underwriting, the specialist commercial, property and high net worth MGA, has added property/casualty insurance company AmTrust to its property owners panel as broker demand for specialist property owners cover increases. The new relationship allows iprism to offer brokers a …