Markets/Coverages News

Aon Offers Last Mile Delivery Insurance Program in Partnership With CarrierHQ

Global insurance broker Aon and CarrierHQ, an Indianapolis-based portal for transportation fleets that offers insurance programs and other services, have launched Last Mile Delivery insurance program. The program provides operators in the last mile delivery space with custom and continuous …

Lloyd’s Asia Launches Renewable Energy Consortium

Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …

Willis Towers Watson Launches Risk and Analytics Model for Trade Credit Insurance

Willis Towers Watson announced it has launched a new risk and analytics model for the trade credit market. The model analyzes clients’ trade receivables to predict potential losses over a range of statistical scenarios. A typical model run covers: Rating …

Fox Point Expands E&O Liability Program for Small Business Risks

Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions (E&O) coverage. This coverage is being launched in collaboration with …

Brit Pilots 1st Continuous Binder for Delegated Authorities, to Replace Annual Renewals

Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in January 2022. Continuous contracts form a key part of the Future at Lloyd’s vision for delegated underwriting, said Brit. The …

Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity

Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from …

Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services

Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include cyber risk assessments, phishing simulations and learning programs, designed to help …

Chewy Chases Share of Growing Pet Insurance Market With Trupanion

E-commerce pet products company Chewy plans to begin selling pet health insurance plans from pet insurer Trupanion to its 20 million customer base. The insurance will be sold under the Chewy Health brand that includes wellness products beginning in Spring …

Goosehead Insurance to Enter Life Insurance Market with Ethos

Independent personal lines insurance agency, Goosehead Insurance Inc., has enter into the life insurance space through an alliance with insurtech Ethos Life (Ethos). The company announced today that through Goosehead’s Digital Agent Platform, clients can now access life insurance online …

Buckle, Amwins Form MGA to Offer Auto to Gig Workers

Buckle, a technology-based financial services company, has entered into a managing general agency agreement with Amwins Specialty Auto to place non-standard automobile insurance for gig workers in Florida. Gateway Insurance will be the admitted carrier, Buckle said in a news …