Markets/Coverages News

Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance

Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverage purchased on Slice’s platform is …

Markets/Coverages: Lemonade Launches Homeowners Insurance in France

Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and belongings. Risks are covered by both BNP Paribas …

PURE Expanding High Value Homeowners Coverage into Western States

PURE Specialty Exchange, the specialty surplus lines insurance carrier providing PURE members and high net worth families with services for their complex exposures, has expanded its high value homeowners coverage to six additional states. The expansion includes: Arizona, Colorado, Hawaii, …

Arrowhead Launching Commercial Auto Product in California

Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product. Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program includes: Contractor/construction risks. Target premium range of $2,500 to $50,000 in total premium. California …

Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the scope and depth of coverage …

Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers

Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating, enables independent agencies to quickly find and bind …

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …

Devonshire Underwriting Launches MGA Specializing in Transactional Risk Solutions

Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk solutions. Focused on positively disrupting the transaction risk insurance market, the MGA will …

Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit

Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover Re’s position as a …

Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians

Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …