Markets/Coverages News

Miller Launches Quote and Bind Platform for Yacht Insurance

Miller Insurance Services LLP has launched a quote and bind platform called “Atlantic,” which aims to provide “a more sophisticated approach to the submission, placement and management of yacht policies.” Designed for intermediaries across the globe, Atlantic handles full binder, …

NIA Adds Reimbursement Coverage for Nonprofit Employee Auto Claims in California

Nonprofits Insurance Alliance (NIA), a nationwide insurer exclusively serving 501(c)(3) nonprofits, has introduced auto coverage that reimburses California nonprofits for payments made to their employees for auto physical damage caused on personal vehicles during work-related activities. The coverage is effective …

BHSI Expands Cover for UK Financial Institutions with D&O and Civil Liability Policies

Berkshire Hathaway Specialty Insurance (BHSI) has introduced two new policies tailored specifically for UK financial institutions: Professional First Financial Institutions Civil Liability Insurance, and Executive First Financial Institutions D&O Liability Insurance. “Both policies clearly articulate broad coverage for liability exposures …

Suddenly There Is Big Demand for Pandemic Cover, Says Underwriter

In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey Gibbons, senior vice president, Underwriting, at Third Point …

BHSI Launches Management Liability & Association Liability Cover in New Zealand

Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its executive & professional lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance policies. BHSI’s Management Liability policy is designed to address the wide range of …

UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients

Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced to closed or curtail operations when the …

BHSI Launches Professional Technology Liability Cover in Australia, New Zealand

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional liability protection for the full scope of services provided by technology and tech-related …

This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It

Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president …

Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic

Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association (IUA) insurers. The new bind feature enables Lloyd’s and the London company markets …

Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK

Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a first for a UK insurance company. Ageas is using an AI solution, developed by technology company Tractable, to support some …