Markets/Coverages News

UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package

Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries currently advised against traveling to by the …

SAGE Program Underwriters Launches Program for Ground Delivery Contractors

SAGE Program Underwriters, a national specialty program administrator, has launched a new workers’ compensation program for the ground delivery industry. SAGE has worked with the ground delivery and transportation for more than 30 years through its retail agency partners nationwide. …

Risk Placement Services Enhances Crisis Management Service for Businesses

Risk Placement Services has enhanced its Crisis Protect product for clients, in response to the evolving risk landscape. In partnership with R3 Continuum, a U.S. crisis consulting firm, the Crisis Protect product now gives clients access to additional professional advice, …

AIR Collaborates with Data Firm, Precisely, to Offer Int’l Address-Level Geocoding

Catastrophe modeling firm AIR Worldwide announced that, as part of its Touchstone 2020 software release, clients now can access a premium international address-level geocoding feature to enhance the quality of their exposure data. The geocoding is provided by Precisely, a …

Munich Re Specialty Releases MPL Policy for Non-Specialist Businesses

Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses. Miscellaneous professional liability (MPL) coverage provides liability and defense costs from claims that allege errors or omissions in the rendering of professional services. MRSI …

Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk

Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to provide a view of cyber risk aggregations, allows for …

CFC Launches Transaction Liability Product for Portfolio Acquisitions

CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform companies. According to CFC, smaller transactions, …

Generali Offers Remote Facility Inspection for Firms Coping with COVID-19 Travel Bans

Generali’s P&C unit Global Corporate & Commercial (GC&C) Iberia & LatAm has developed a new system for remote facility inspection to address the consequences of COVID-19 and to provide value-added solutions for its corporate clients. GC&C decided to respond to …

Talisman Casualty to Offer Surety Program for Captives

Talisman Casualty Insurance Co. of Nevada has launched a surety program designed to help its captive clients avoid the possibility of losses caused by a failure on the principal’s part to meet the obligations of their contracts. Surety bonds are …

Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks

Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line of over US$20 million for a range of challenging general liability risks such as wildfire, trucking and construction. A market …