Markets/Coverages News

AXA Partners, Club Med Launch Travel Insurance Program

Club Med and AXA Partners have signed an agreement to offer an insurance policy designed to cover unforeseen events that travelers may encounter before, during or after their trip, including COVID-19. The “Serenity Protection Plan” insurance policy includes coverage for …

Guy Carpenter Launches Suite of Climate Advisory and Modeling Services

Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching environmental, social and governance …

Palomar, PURE to Offer High-Value Residential E&S Construction Program

Palomar Holdings Inc. announced a new partnership with PURE Programs to offer owners of high value homes undergoing complex construction projects a new specialized excess and surplus (E&S) lines insurance and risk management program. The program is designed for luxury …

Recreational Vehicle Rental Site Outdoorsy to Expand Its Insurance Division

Recreational vehicle rental marketplace Outdoorsy said it will use some of the $120 million it recently raised to expand its digital managing general agency that sells insurance to RV owners and renters in the U.S. and Europe. Austin, Texas-based Outdoorsy, …

BHSI Introduces D&O Liability and Professional Indemnity Policies in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced it has added to its customized suite of directors & officers (D&O) liability and professional indemnity policies, for customers in Ireland. The company has launched a new suite of “Professional First” coverages, which includes …

Swiss Re’s iptiQ and German Real Estate Platform Launch Digital Loss-of-Rent Cover

Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial uncertainties that can arise from tenancy agreements. As an insurance partner, iptiQ offers ImmoScout24 …

Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M

Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance, New Era Capital Partners, IT-Farm Corp. and NFP Ventures. San …

Beazley Introduces Digital Map to Navigate Telehealth Regulatory Landscape

Specialist insurer Beazley is now offering the telehealth sector a new tool designed to help navigate the complex digital health regulatory landscape. In partnership with law firm BakerHostetler, specialist insurer Beazley has created a multi-layered interactive digital map that provides …

Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …

BHSI Launches Energy & Technical Lines Casualty Products in UK with Dedicated Team

Berkshire Hathaway Specialty Insurance (BHSI) announced it has launched Energy and Technical Lines Casualty products in the UK and established a dedicated London-based Energy & Technical Lines underwriting team. The company’s UK Casualty Energy & Technical Lines team includes: Oliver …