Markets/Coverages News

AmTrust Exec Launches Commercial Crime Product for Businesses

AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses. The monoline commercial crime product covers loss from employee and third-party theft of …

Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses

Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for same-day delivery of their products. Many grocers, delivery …

Beazley, Vizient Insurance Services to Offer Active Shooter Coverage

Beazley has established a contracted relationship with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer active shooter coverage. This coverage is available immediately to Vizient members. Under the terms of the agreement, the policy includes prevention and …

US Assure to Issue Residential Builders Risk Policies Via New Online Application

US Assure, the program administrator for the Builders Risk Plan insured by Zurich, has launched XPressBIND, an online application that gives agents the ability to quickly issue residential builders risk policies. The application allows agents to quote and issue builders …

Beazley to Offer Occurrence-Based Media Liability Policy for SMEs

Specialist insurer Beazley has launched an occurrence media liability policy designed to the risks faced by small to medium-sized media outlets and publishers in the United States. Beazley’s media liability policy provides professional indemnity cover written on an occurrence basis. …

Aon Expands Cyber Risk Assessment to Address Exposures of Remote Work

Aon has expanded the scope of CyQu Enterprise, a cyber risk assessment methodology, to help analyze the cyber security impacts of recent network access or policy changes businesses have made to accommodate the increase in remote working due to COVID-19. …

Axon Underwriting Forms Product Recall Crisis Management Division

Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled clients. Axon’s Crisis Management Division is led by Alex Pittignano, senior vice …

Sompo Forms Technology Industry Unit, Taps Carroll to Lead

Sompo International Holdings Ltd., a Bermuda-based specialty property/casualty insurer, has formed a new team offering products to the technology industry through its network of retail brokers. This new unit will build on the Sompo International’s global insurance business that currently …

HSB Launches Online Broker E-Trading Platform in Ireland

Specialist engineering and technology insurer HSB, part of Munich Re, has expanded its e-trade offering by launching HSB Fast Track, its broker online trading platform, in Ireland. The HSB Fast Track e-trade platform is offering brokers in Ireland a full …

Cryptoasset Insurer Evertas Receives License to Operate in Bermuda

Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss of cryptoassets, with a view to securing …