Markets/Coverages News

UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU

Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe, enabling it to work with EU-based insurance partners and customers, …

Neptune Flood Coverage Now Available Nationwide; New Policy System Released

Neptune Flood has expanded its residential products to five more states – Montana, South Dakota, Utah, Vermont, Wyoming, and Washington, D.C., completing the company’s nationwide rollout of all residential, commercial and RCBAP flood insurance products. Neptune has also completed the …

Vertus, Zurich Expand Deductible Buy-Back Coverage into Alabama, Miss.

Vertus Insurance Partners and Zurich North America have expanded the Cat4Home deductible buy-back insurance product to customers in Alabama and Mississippi. The company said the expanded offering comes after the second most active Atlantic hurricane season on record with 30 …

Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments

Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help protect and support the global distribution of COVID-19 …

CFC Expands Terrorism Offering to Include Active Assailant Coverage

CFC, a specialist insurance provider specializing in emerging risks, has expanded its suite of terrorism and sabotage insurance products to include standalone active assailant cover. The active assailant policy covers businesses in the event of any premeditated physical attack that …

Chubb Launches Enhanced MasterPackage Solution for Life Science Companies in UK

Chubb announced the launch of its enhanced MasterPackage for Life Science Companies product in the UK. This is a comprehensive first and third-party policy designed for companies which develop or provide life science products, solutions or services. The product is …

UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing

Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect real-time driver behavior data in-house, signals the company’s intent to …

AmWINS Programs Adds Core Specialty as Long-Term Care Facilities Program Carrier

Core Specialty Insurance Holdings, Inc. will be the carrier providing insurance coverage for AmWINS Program Underwriters’ (APU) Long-Term Care Facilities program, effective January 1, 2021. The Long-Term Care Facilities program’s primary lines of business are professional and general liability (primary …

Cathay Pacific Collaborates with AXA to Provide Free COVID-19 Insurance to Passengers

Cathay Pacific is collaborating with AXA General Insurance Hong Kong Ltd. to provide free COVID-19 coverage to all passengers. Customers who fly with Cathay Pacific from Dec. 7 to Feb. 28, 2021 will be covered for medical expenses related to …

CPP Group UK and Partners& Offer Cyber Risk Assessment Tool

CPP Group UK and Partners& are now offering access to a risk management tool to help brokers and their customers identify and mitigate cyber vulnerabilities. The risk management tool KYND instantly identifies an organization’s cyber vulnerabilities and provides cyber risk …