Global insurance broker Marsh and global bank Citi said they have developed a risk mitigation structure to cover the risk associated with a number of governments that are self-funding their coronavirus vaccine procurement through the COVAX Facility. The innovative structure …
OneAdvent, the London-based managing general agency platform, has secured additional capacity for its financial lines MGA from Barbadian reinsurer Active Re. Active Re has granted delegated underwriting authority to OneAdvent to write financial institutions and commercial D&O on a facultative …
Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced a first-of-its-kind, digital capability called “Lockton Re SAGELink Automated Placement Solutions.” “Continuing our investment in technology and innovation, Lockton Re has initially partnered with …
U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc., providing capital for the latter to generate more business, the companies told Reuters. Hippo will underwrite the policies and sell them to consumers, …
Insurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage. Amazon now requires third-party sellers to obtain product liability coverage …
Specialist insurer Beazley has launched a suite of covers to protect organizations within Asia Pacific’s rapidly expanding life sciences sector. In an environment in which risk exposures are complex and varied – from the release of unsafe medical devices and …
Rokstone, an international specialty re/insurance MGA, part of the Aventum Group, has launched a specialist agriculture division for the U.S. market. The new division, Rokstone Agriculture Risk Underwriters, will be led by underwriting specialist Eric Conklin who has over 20 …
Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty insurer, launched in February 2021, offers a market on …
The Hanover Insurance Group Inc. said it has enhanced its product suites for lawyers and healthcare facilities. The Hanover Lawyers Advantage product suite offers stand-alone professional liability coverage for a wide range of law firms. In addition to a new …
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial drones, and added car and van fleets last year. It …
