Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided by capital market sources structured by RenaissanceRe. This …
Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout after a qualifying event and protect against unpredictable but …
The American Association of Insurance Services has expanded its admitted Cannabis Businessowners Policy program in Nevada. The Nevada Division of Insurance approved AAIS’s CannaBOP on Dec. 24, 2019. The cannabis industry continues to grow and mature as states legalize and …
Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty Inc. has been …
Pool Re, Britain’s leading terrorism reinsurer, announced it is taking steps to help reduce costs and improve the accessibility of terrorism insurance for businesses in the U.K., in part by expanding the definition of small and medium-sized enterprises (SME). The …
Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company’s 2020 auto insurance programs, which became effective on Dec. 31, 2019. The move by the Boston-based …
More legalization in more states. More product liability risks. More regulations. More M&A. More of many things is what insurance professionals involved in the cannabis industry can expect in 2020. Insurance Journal asked four experts watching the cannabis and insurance …
San Francisco, Calif.-based Coalition, a cyber insurer for small and midsize businesses, has added an endorsement that broadens its coverage to protect against additional violations brought under California Consumer Privacy Act (CCPA). Coalition is offering the coverage to help businesses …
Plymouth Rock Assurance, a data-driven home and auto insurance provider in the Northeast, has expanded its home and auto insurance coverage to residents and agents in New York. This marks the first time the 37-year old insurance company has offered …
AXA XL, the p&c and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), an on-demand insurer of cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for Microsoft 365 Business, Office …
