Markets/Coverages News

AGCS, Insurtech Visicover Launch Marine Insurance Service for UK Leisure Vessel Owners

Allianz Global Corporate & Specialty (AGCS), Allianz’ entity for large-scale corporate and specialty risks, announced the launch of an online marine insurance service designed for UK leisure vessel owners in collaboration with insurtech company Visicover. Visicover’s web-based service lets customers …

MCI Lloyd’s Syndicate 1902 Offers ‘Ground-Breaking’ Infectious Disease Liability Cover

Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading scientists and liability practitioners, MCI said it will be the world’s first and only …

Joyn Insurance Goes Live With E&S Offerings in 28 States

New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and Washington, D.C, …

Convex Europe Receives UK Regulatory Approval

Convex Group Ltd. announced that the UK branch of its recently established Luxembourg-based European insurer, Convex Europe SA (CES) has received approval from the UK regulators: the Financial Conduct Authority and the Prudential Regulation Authority, effective immediately. CES is now …

Willis Towers Watson Launches Industry Risk Forum for Ports and Terminals

Insurance broker Willis Towers Watson announced the launch of a dedicated risk forum for the ports and terminals industry. With ports and terminals client members worldwide, as well as risk forum specialists from Willis Towers Watson, the forum acts as …

MGA CFC Underwriting Launches Tool That Calculates Ransomware Costs

CFC Underwriting, the specialist managing general agent, has released a new tool designed to help customers understand the potential cost of a ransomware attack to their business. “Ransomware threats are one of the most serious cyber threats facing modern businesses. …

Moody’s Analytics Launches Asset-Liability Management Tool for Insurance Investment

Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate …

Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry

Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re. The partnership between Swiss Re and Baidu aims to further develop the autonomous driving industry by advancing risk management research …

Demex and Vave Offer Parametric Extreme Temperature Insurance for U.S. Businesses

A technology firm and a managing general agent are partnering to offer extreme temperature insurance to commercial properties across the United States. According to Vave, an algorithmic underwriting MGA, and The Demex Group, a climate risk analytics and technology firm, …

Want Wearable Tech With That Workers’ Comp Policy? Kinetic Teams With Nationwide.

New York-based safety technology firm Kinetic has formed an underwriting partnership with Nationwide’s E&S/Specialty division. Acting as program manager, Kinetic Insurance is offering workers’ compensation coverage combined with workplace safety technology. The Kinetic workers’ compensation offering equips policyholders with wearable …