Program Business News

Ironshore, Distinguished Programs Group Form Acquisition Unit

Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. The business plan for the …

AmWINS Launches Motorsports Insurance Program

AmWINS Transportation Underwriters, Inc. has expanded their underwriting entity into the motorsports insurance niche. Concentrating solely on motorsports business, their new motorsports group includes Mark Maucere, senior vice president; Don DeWitt, vice president; and Jean DeWitt, vice president. Together, they …

Chartis Introduces Commercial Excess Form with CrisisResponse

Chartis has introduced a new Commercial Excess Follow Form (CEFF) policy, developed by its Environmental Division, which is enhanced with CrisisResponse, providing coverage for the management of crisis events. The new CEFF policy is designed to complement the Chartis insurers’ …

Venture Launches Mono-line Umbrella Coverage for Golf, Country Clubs

Venture Insurance Programs has launched ClubCover, a new mono-line umbrella liability coverage for golf and country clubs offering proper limits, more cost-effective premiums and a fast, easy online system. ClubCover provides a $25 million limit on an admitted basis through …

Enrollment for Farmer’s Professional Liability Coverage to Begin

Enrollment for the United Farmers Agents Association’s Errors and Omissions Plan for all qualified agents will begin 10/1/2010 for the coverage period beginning 1/1/2011. Premium will be collected in January when the coverage incepts. The program is offered exclusively to …

Chartis Introduces Fiduciary Liability Insurance Edge for Plan Fiduciaries

Chartis has introduced Fiduciary Liability Insurance Edge, a new insurance solution developed by its Executive Liability Division to address the evolving fiduciary liability exposures facing companies, plans, executives and employees. Fiduciary Liability Insurance Edge offers coverage for board members, executives …

Heffernan Insurance to Offer Contract Litigation Insurance from Sonoma Risk

Sonoma Risk Insurance Agency and Heffernan Insurance Agency have teamed up to distribute their new Contract Litigation Insurance (CLI) in California. Underwritten by Zurich, this policy helps to protect plaintiffs and defendants from having to pay their adversary’s attorneys’ fees …

PartnerOne, Berkley Environmental Launch Small Business Program

PartnerOne Environmental, Beacon Hill Associates’ underwriting division, has established a partnership with Berkley Environmental, a Divisional of Berkley Specialty Underwriting Managers, servicing small to middle market environmental customers and their agents. The products offered by PartnerOne Environmental and Berkley include: …

Schinnerer Develops New Coverage for Design, Construction Industry

Victor O. Schinnerer & Company, Inc. has developed project specific professional liability coverage for firms entering into integrated project delivery (IPD) contracts. The new IPD policy includes professional liability, pollution incident liability, and contractors design liability coverages. Lead designers, general …

Willis, Chartis Program Partners for MetalWorkingGuard, PlasticsGuard

Willis Programs, a unit of Willis Group Holdings announced that it is partnering with Chartis for its MetalWorkingGuard® and PlasticsGuard® Programs, which provide tailored property and liability insurance solutions for businesses in the metal goods and plastics manufacturing industries. MetalWorkingGuard® …