Markets/Coverages News

UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S.

UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a Cayman Islands-based reinsurer. “We’re looking to grow on a …

Allianz Partners Adds Epidemic Coverage to Travel Insurance Products

Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are individually ordered to quarantine, or are denied boarding …

American Family Rolls Out Rewards Program for Infrequent Drivers in Arizona

American Family Insurance has partnered with Cambridge Mobile Telematics (CMT), a smartphone telematics company, to create the MilesMyWay auto insurance program that rewards drivers for driving less. The app-based program is a pay-as-you-drive (mileage-based) telematics offering that allows drivers to …

Amwins Launches Alarm Contractors Program

Amwins Program Underwriters has developed a new insurance coverage dedicated to alarm contractors that includes commercial general liability, professional liability, property and inland marine coverage. The program can be tailored to meet the needs of alarm installation contractors including fire, …

Employment Practices Insurance in Age of COVID, Vaccines, Shutdowns and Hard Market

Overall trends for the past 30 years in the employment practices liability insurance market have been influenced by society and culture. As concerns over racial and disability discrimination, sexual harassment, gender inequality, wage-and-hour enforcement, and now COVID ebb and flow, …

Munich Re’s Transportation, Logistics Specialty Broker Roanoke Expands to Canada

Roanoke Insurance Group is expanding to Canada to provide insurance and surety bonds to companies involved in logistics, transportation and shipping. The new entity, Roanoke Insurance Group Canada, Inc., (RIG CA), is an affiliate of Roanoke Insurance and part of …

Swiss Re Corporate Solutions, Coalition Sign Multiyear Cyber Coverage Agreement

Swiss Re Corporate Solutions and Coalition, a provider of cyber insurance and security, have signed a multiyear agreement to provide broad cyber insurance and technology errors & omissions insurance to small and midsize organizations throughout the U.S. and Canada. Financial …

Next Insurance Targets Businesses That Sell and Buy on Amazon

In partnership with Amazon, digital small business insurer Next Insurance is offering insurance to businesses that are buyers or sellers on the popular Amazon e-commerce site. The insurer is targeting members of Amazon Business Prime that use Amazon as their …

Insurtech Blink Expands into Central, Latin America; Partners with Travel Assistance Firm

Blink Parametric, the Cork, Ireland-based insurtech, has announced a major expansion of its flight disruption insurance platform in Central & Latin America, scheduled for launch this month. The partnership between Blink and Terrawind Global Protection, a global travel assistance solutions …

AXIS Partners with Elpha Secure to Provide Cyber Security for Small Businesses Globally

AXIS Insurance, the specialty insurance business segment of Bermuda-based AXIS Capital Holdings Ltd., has formed a strategic partnership with cyber security company Elpha Secure. Cyber insurance and software protection will be offered to small businesses globally to help improve their …