Markets/Coverages News

BevCap Management Forms Onshore Captive Domiciled in North Carolina

BevCap Management, LLC (BevCap), an alternative risk program manager with captives domiciled both on and offshore, has formed HatterasRe, LTD, an onshore domiciled captive insurer for BevCap Health’s proprietary Medical Stop Loss program. The new captive will be domiciled in …

Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity

Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic partnership of consistent capacity provision that dates back more …

Bond to Lead Expanded Markel Surety Practice with $500M in Capacity

Markel Surety, a part of Markel Corp.’s Markel’s Specialty division, has increased its capacity offering to $500 million for the most qualified accounts with the establishment of a National Accounts segment. This segment will be led by Michael Bond, who …

Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill

Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) coverages in the U.S. The new D&O division will be under the direction …

SynchronoSure, American European to Offer General Liability for Small Trucking Firms

Synchrono Group, doing business under SynchronoSure, and American European Insurance Group (AEIG) have expanded their partnership to include trucker general liability insurance for small trucking companies. SynchronoSure will underwrite and administer the business on behalf of AEIG ultimately in 14 …

Cover Whale Expands Trucking Offering to Include Fleets

Cover Whale, an insurtech with a specialty niche in the trucking and transportation segment, has expanded its trucking insurance products to include a fleet insurance program. Fleet managers and select insurance brokers now have access to the Cover Whale online …

Cybersecurity Firm Transmosis, Cysurance Offer Small Business Subscription

Cybersecurity firm Transmosis and insurance agency Cysurance have launched a bundled cybersecurity and insurance product that requires no insurance brokers, research, or yearly contracts and is sold on a monthly subscription basis. The new cyber liability insurance product works with …

Berkshire Hathaway GUARD Expands Accountants Policy Into Georgia

Berkshire Hathaway GUARD Insurance Companies has added Georgia to the list of states where it company offers its Accountants Professional Liability policy. Georgia is now the sixth state that the insurer offers this product to go along with Arizona, Illinois, …

Origami Risk Tools Track COVID-19 Vaccinations, Outbreaks

Origami Risk, a risk, safety and insurance software as a service (SaaS) technology firm, has developed new online tools for healthcare providers, nursing homes and employers in all sectors to track employee COVID-19 vaccinations as well as to monitor and …

New Everest Architects & Engineers Policy Offers PL, Pollution, Cyber Coverage

Everest Insurance has released a new architects and engineers professional liability policy to provide design professionals with professional, pollution and cyber liability coverage. Everest Elevation was developed to address the coverage needs of architectural, design, engineering and construction firms, and …