Markets/Coverages News

Brit Launches Consortium to Simplify Underwriting of Marine War Breach Call Risks

Brit Ltd. announced the creation of a marine consortium called “Keel,” which aims to revolutionize the writing of marine war and breach call risks. Keel offers up to $152.2 million of capacity per risk and provides instant quotes that are …

Liberty Mutual to Offer Cybersecurity Assessment to Select Cyber Clients

Liberty Mutual Insurance has partnered with cyber security rating provider SecurityScorecard to offer complimentary cybersecurity analysis to qualifying clients of its Global Risk Solutions North America and Liberty Specialty Markets units. Through the SecurityScorecard partnership, qualifying policyholders will receive a …

Workers’ Comp Insurer SUNZ Expands into 13 Additional States

Florida-based SUNZ Insurance Co. is now licensed to write workers’ compensation policies in 13 additional states: Colorado, Hawaii, Iowa, Nevada, New Hampshire, New Mexico, South Carolina, South Dakota, Utah, Vermont, Virginia, West Virginia and Wisconsin. With the addition of these …

New Insurtech Advisor Insurance to Target Risks of Wealth Managers

K2 Placements and Wealth Advisor Growth Network (WAGN) have partnered on an insurtech platform for wealth managers buying business insurance to protect their firms. The new platform, Advisor Insurance, was designed to simplify the business insurance process for wealth managers …

Chubb Updates Lower Middle Market Commercial Package Product

Chubb has rolled out a new insurance product for the lower middle market segment with an expanded base coverage offering in both property and liability. Benchmarq Package features scalable property and general liability coverages to protect clients from the risks …

HSB Adds Coverages for Smart Farm Technology, Equipment

HSB, part of Munich Re. has launched HSB Precision Ag insurance, a suite of coverages for evolving farm data risks, technology and state-of-the-art equipment. Designed for large commercial enterprises and smaller family farms, the coverage combines equipment breakdown and cyber …

Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers

Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and chronologically logging each event, document or transaction. Once verified, actions are cryptographically sealed …

Online Boating Marketplace Boatim Adds Insurance with Marine Broker Partner AMI

Boatim Inc., a company offering digital boating products and services, has launched an online boat insurance offering for U.S. customers. Through a partnership with international marine insurance broker American Marine Insurance (AMI), Boatim customers can access coverage from insurers Markel, …

Utica National Adds Crisis Response Services for Educational Institution Insureds

The member companies of the Utica National Insurance Group have partnered with Empathia, Inc. to provide crisis counseling services, and The Castle Group to provide crisis public relations services to its school policyholders. According to Brian Saville, Utica National Educational …

Lumen Risk Services, Transverse to Offer Commercial Property Coverage

Program administrator Lumen Risk Services, in partnership with Transverse Insurance Group, has launched a new commercial property insurance program. The non-admitted program will initially offer monoline property coverage for multi-family, hospitality, and light commercial property accounts with plans to expand …