Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT consulting firm and business solutions provider, Salus was founded in …
Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures have increased in both size and complexity. …
Crum & Forster Pet Insurance Group has expanded its stand-alone, veterinary care insurance for companion horses to include six new states: California, Colorado, Connecticut, Kentucky, Oklahoma and Texas. Policies are underwritten by United States Fire Insurance Co. and produced by …
Insurance broker Next Wave Insurance Services and industry veteran Aaron DiCaprio have collaborated to launch Rent Rescue, a rent default insurance product for real estate investors and property managers. Rent default insurance reimburses property owners for up to six months …
The Hanover Insurance Group, Inc. has expanded its business in Vermont to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. According to The Hanover, the launch in Vermont …
AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the Los Angeles-based new business unit, AmTrust E&S has hired Jeff Lynn, who brings 15 years of experience in the excess …
Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. Underwritten by Bermuda-based Hiscox through Johnson & Johnson, Inc., a Mount Pleasant, …
Specialist insurer Beazley has launched a comprehensive policy designed to cover infringements of Title IX, the federal law prohibiting discrimination based on sex in any public education program. The policy provides coverage for employment practices liability (EPL) and sexual misconduct …
Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. “Latin America is a key market for Lloyd’s, with premium close to US$1.5 billion,” said Daniel Revilla, regional head, Latin …
Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault …
