Markets/Coverages News

Lockton Launches Silent Cyber Property Solution for Businesses

Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from cyber-attacks or cyber terrorism. The broad-form policy is unique in the …

Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool

Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach …

Lockton Creates Digital Asset Protection Team With Brokers, Attorneys

Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In addition to providing insurance and consulting, Lockton’s Emerging Asset Protection (LEAP) team …

Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance’s Steel

Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with “A”-rated capacity in the UK. The news follows the launch of its terrorism product in the U.S. in July this year, continuing its push to …

Tokio Marine Highland Offers Fine Art Insurance Through New Division Led by Fischer

Tokio Marine Highland, the Chicago-based property and casualty underwriting agency, announced it has launched fine art insurance for personal and commercial risks, which further enhances its suite of specialty risk management solutions. Christiane Fischer was appointed president of the Fine …

Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges

Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK and the Europe, Middle East, and Africa (EMEA) region, by addressing cyber insurability challenges. “Ransomware Defence” brings Aon’s cyber security …

What’s New in Agency E&O? Participate in This Year’s Survey Today

Insurance Journal invites buyers of agency errors and omissions insurance to participate in this year’s Agency Errors & Omissions Survey. The survey should take no more than 10 minutes to complete, and will provide you and us with important information …

USDA: New Insurance Policy Will Help Farmers Who Sell Locally

The U.S. Department of Agriculture (USDA) is rolling out a new insurance option specifically for agricultural producers with small farms who sell locally. USDA said the new Micro Farm policy simplifies record keeping and covers post-production costs like washing and …

Orchid Cross-Pollinates with R&Q Accredited in Stormy States

While some insurance firms are pulling out of the troubled Florida property insurance market, Orchid Underwriters Agency is expanding its role in coastal states by partnering with R&Q Accredited, the companies announced this week. “The frequency of severe coastal events …

Outdoorsy’s MGA Roamly Selling RV Rental Insurance Through Spinnaker in 3 States

Digital managing general agency Roamly will link with Hippo-owned carrier Spinnaker Insurance Co. to sell insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental and outdoor travel marketplace. Earlier this summer, Outdoorsy raised more …