specialty lines News

Survey: Specialty Carriers Look to Grow Through Program Business in 2013

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement …

Hudson Insurance Group Now Writing Excess Business in New York

Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson Excess Insurance Co. Hudson …

Ironshore Canada Increases Capacity for Specialty Casualty Lines

Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a range of industry sector risks, including manufacturing, commercial construction, …

Swiss Re Announces Aviation, Agriculture Management Changes

Swiss Re announced that its reinsurance business unit is undertaking changes in its organizational set-up of special lines. “Agriculture and Aviation Reinsurance will be no longer under the same roof and will be separated,” the bulletin said. “Kurt Maureder, who …

AIR Announces Deal with Navigators for Cat Models

AIR Worldwide announced that The Navigators Group, Inc., an international commercial property/casualty specialty insurance holding company, has selected AIR’s CLASIC/2™ and CATRADER® catastrophe modeling solutions to manage its global catastrophe risk. Navigators “will leverage AIR’s catastrophe models to assess risk …

Ironshore Launches Commercial Crime Coverage Through Pembroke Syndicate

Ironshore Inc. has launched a specialty commercial crime product to be offered by its Lloyd’s Pembroke Syndicate 4000, based in London. Offering coverage limits up to GBP 20 million, Ironshore’s commercial crime coverage indemnifies an organization for losses resulting from …

R K Harrison Completes Specialty Lines Purchases from Gibbs Hartley Cooper

London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …

Willis Global Launches New Platform for Sector Growth

Willis Global, the London headquartered reinsurance, specialties and wholesale arm of Willis Group Holdings, announced a series of what it described as “client-centric measures aimed at significantly growing the $40 billion in premiums Willis places annually through its three core …

Aqua Underwriting Enters UK Commercial Market with High Net Worth Products

UK-based Aqua Underwriting announced the launch of a range of niche commercial combined products exclusively for brokers, building on its success with high net worth (HNW) products in the personal lines market. Aqua said its “first commercial products and schemes …

UK Prime Minister, Lloyd’s Chairman Unveil Ambitious ‘Vision 25’ Plan