Markets/Coverages News

Trident Marine Managers, Nationwide E&S Form Underwriting Agreement

Trident Marine Managers, Inc. (Trident) has reached a delegated authority underwriting agreement with Nationwide E&S to provide recreational marine and marine equipment insurance, along with workers’ compensation coverage. Trident, a subsidiary of RSG Underwriting Managers (RSGUM), specializes in marine insurance …

Morgan Stanley to Offer Coverage for High Net Worth Clients through Hub, Marsh, Willis

Morgan Stanley has expanded its insurance offerings to include property & casualty insurance coverage for its high net worth clients through insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson. The coverage will target risks associated with …

Venture Programs Taps GuideOne’s Peterson to Lead New Nonprofit Insurance Program

Venture Insurance Programs, a national insurance program administrator, has launched Community Care, a new insurance program for community and social services, including nonprofits and for-profits. In conjunction with the launch, Venture has brought on former GuideOne Social Services Underwriter Erin …

New Value Insurance MGA Offering Non-Standard Auto in Alabama

Value Insurance MGA, a new Birmingham, Ala., domiciled managing general agent specializing in non-standard auto insurance, is now offering a personal lines auto product in the state. Value MGA founder Daniel Feigenbaum has tapped Paul G. Gabe Jr., previous president …

COVID-19 Will Drive Demand in UK for Bike Insurance: GlobalData

Bicycle insurance is not a popular product in the UK – but that could be about to change, said GlobalData, the London-based platform that provides data analytics and expert analysis about global industries. Less than 1% of UK consumers have …

Travelers Europe Enhances CyberRisk Product for UK and Ireland

Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of all sizes in the United Kingdom and …

AIR Worldwide Releases Updated Caribbean Cyclone and Earthquake Models

Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the Caribbean. These models will provide insurers and reinsurers with a comprehensive view of risk across 29 countries and territories in …

RB Jones Marine Adds Ocean Cargo Product, Hires Great American’s Gambino

RB Jones Marine, a business unit of H.W. Kaufman Group that focuses on the commercial marine and excess energy space, has launched an Ocean Cargo Stock Throughput Product in partnership with Atain Insurance Companies. RB Jones has also added John …

Aon and Insurtech Skytek Collaborate to Track Marine Assets During Hurricane Season

With the National Oceanic and Atmospheric Administration (NOAA) warning 2020 will see “above-normal” hurricane activity, Skytek, in collaboration with Aon plc, has responded to the needs of marine re/insurance companies with a new hurricane tracking system, which enables them to …

First Insurance Company of Hawaii Launches Admitted Parametric Product

First Insurance Company of Hawaii (FICOH) has launched a parametric product for Hawaii homeowners and renters. The FirstTrack product provides coverage for expenses that fall below most hurricane policy deductibles, including hurricane preparation and immediate post-hurricane expenses. According to FICOH, …