Markets/Coverage News

MyFloodInsurance.com Expands Flood Tool to Real Estate Agents, Homebuyers

MyFloodInsurance.com has been expanded to allow for real estate agents and homebuyers to receive instant flood insurance quotes from multiple flood insurance companies, as well as the National Flood Insurance Program (NFIP). The My Flood Insurance widget can be added …

Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents

Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing only nine underwriting questions. The new product allows …

AXIS Insurance, Kennedys Law Launch Marine Cyber Product

Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company …

InsuraGuest to Offer Crum & Forster BOP Coverage to 130+ Classes Via Web Portal

InsuraGuest Technologies, through its wholly owned U.S. subsidiary Insure The People, has launched a new business owner policy (BOP) insurtech portal, www.InsureThePeople.com that is available to more than 130 class codes. ITP is powered by InsuraGuest’s insurtech platform, which will …

Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion

Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series A round, which is also …

Guy Carpenter Launches Hybrid Solutions UK with Willis Towers Watson’s Upton at Helm

Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the appointment of Laurence Upton, formerly with Willis Towers Watson in London, to lead the new operation. The Hybrid Solutions UK …

Dubai’s IGI Bermuda to Begin Writing E&S in U.S.

Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and surplus lines business effective April 1, 2020. The company said the approval …

Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive

U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets. Gemini’s new in-house insurer, Bermuda-based Nakamoto Ltd, provides a total of $200 million in …

Farmers Expands Program, Now Insuring Uber Drivers in 14 States and D.C.

Farmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional states and the District of Columbia. In addition to the District of Columbia, Farmers will insure Uber drivers in Delaware, …

Beazley, Marsh Launch Cyber Coverage Product for Manufacturers

Beazley and Marsh have partnered to provide tailored cyber insurance cover and breach response for U.S. manufacturers. The new Manufacturer’s First Response, a Marsh and Beazley Breach Response (BBR) initiative, offers coverages tailored specifically to address cyber and operational risks …