Markets/Coverages News

AXA XL Partners with Insurtech Neptune Flood to Expand Private Flood Insurance

AXA XL is partnering with digital private flood insurance program manager Neptune Flood in a strategic underwriting partnership that will more than double Neptune’s capacity across the country. According to CEO Jim Albert, the new partnership doesn’t change Neptune’s core …

Canadian Insurtech Apollo to Offer Educators Liability Coverage in California

Apollo Insurance Solutions, a Canadian insurance marketplace, has entered the American market with a liability insurance product tailored for educators in California. The product allows consultants, instructors, and therapists to purchase their mandatory liability coverage that school districts require online. …

Wright National Flood Insurance, Zurich Launch Private Flood Product in Florida

Wright National Flood Insurance Services, LLC (WNFIS) and Zurich North America have introduced Zurich Residential Private Flood Insurance program. This stand-alone admitted product launched exclusively in Florida on September 3, with plans to expand the coverage to 11 additional states …

AXA XL Appoints Zurich’s Tello to Lead New Captive Insurance Practice in Canada

AXA XL has launched a local captive practice in Canada which will be led by expert Alonso Y. Tello. Tello’s appointment is part of AXA XL’s continued growth to bring in expertise and expand the group’s services for Canadian large …

The Remaking of Disgrace Insurance

As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …

New Ironshore Environmental App Offers Real-Time Incident Alerts, Reporting

Ironshore Environmental introduced IronResponse, a smartphone app that allows risk managers real-time access to claims professionals upon immediate notice of an environmental incident. IronResponse simplifies the reporting of an environmental event and offers additional value-added services and resources to assist …

Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms

Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify customers as soon as possible after a …

Burns & Wilcox to Offer Wildfire Management Services to Policyholders in the West

Burns & Wilcox has formed an exclusive partnership with Wildfire Defense Systems, Inc. (WDS) to provide WDS’ full suite of wildfire prevention and mitigation services to homeowners, with no minimum property value required to participate. Services will be available on …

Former Arch Exec Slate to Lead New Great American Accident & Health Division

Great American Insurance Group has launched an Accident & Health Division, the company’s 35th specialty property and casualty business. The new division will build on Great American’s existing array of accident & health insurance coverages, focusing on customized coverages for …

CFC Underwriting Enhances Product Recall Coverages

CFC Underwriting, the London-based specialist managing general agent, announced it has upgraded its product recall suite of coverages. The new extensions include regulatory advisory coverage which addresses the emerging need for coverage in the recall market for outbreaks and public …