Markets/Coverages News

Nonprofits Insurance Alliance Launches Communicable Disease Coverage

Nonprofits Insurance Alliance (NIA), a property and casualty (P&C) carrier exclusively serving 501(c)(3) organizations, has launched a new coverage to protect nonprofits from liability arising from communicable diseases. Beginning January 2021, NIA members can purchase NONPROFITS OWN Communicable Disease Liability …

New Aon Cyber Offering Targets High Net Worth Individuals, Executives

Aon plc has expanded its Cyber Secure Select offering to include an enhanced cyber insurance program for high net worth individuals and executives. This new insurance offering in partnership with Aspen Insurance expands on Aon’s Cyber Secure Select, a collaboration …

Small Business Insurtech Huckleberry to Offer Pandemic Business Interruption Plan

Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs. The Pandemic Business Interruption plan will be available in early 2021. The coverage will be geared directly towards …

HDI Global Specialty Renews Agreement with German MGA AMANIKI

HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity providers to a 100% exclusive binder with HDI …

Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform

Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization of its international portfolio across the organisation’s broker network. Called Space B IPA (International Programme Administration), the platform has been …

Torrent Technologies Adds Palomar Admitted Coverage to Flood Platform

Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, has formed an agreement with Palomar Specialty Insurance Co. to provide Torrent’s Write-Your-Own (WYO) carrier clients and their agents new, admitted private flood insurance options. Under the …

Praedicat Develops Insurance Tool for COVID-19 Liability

Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink Interruption,” the product aims to cut average business interruption claims processing …

Aon Targets M&A Market with Intellectual Property Assessment Offering

Insurance broker Aon has launched the Quality of Intellectual Property (QoIP) Solution that is designed to help companies receive higher transaction value by specifically articulating the quality of the seller’s IP portfolio in the M&A and capital markets. QoIP is …

Aon Secures $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk

Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (an asset manager undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM have …