Markets/Coverages News

Hedge Fund Fermat Sees 20% Surge in Catastrophe Bond Market

Hedge fund Fermat Capital Management expects the market for catastrophe bonds to grow 20% this year, as a product based on disasters gains ground in a world increasingly shaped by extreme weather, population density and inflation. The market “has reached …

TIMBY Specialty Launches Warehouse Legal Liability Coverage

Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …

Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs

Starwind Specialty Insurance Services, a CRC Group company, said it has launched four insurance programs — Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environmental, led by Program President Mike Padula, delivers solutions including …

Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …

Markets/Coverages: QBE Starts New Commercial Property Product for Large Companies

QBE North America today announced the launch of its new commercial property product, providing custom solutions for comprehensive coverage to large companies across the United States. Combining deep, industry-leading expertise with a commitment to customer service excellence, the new commercial …

Markets/Coverages: CFC Launches Simplified Intellectual Property Product

CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of up to …

Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance

Chaucer Group, the specialty re/insurer, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides specialized insurance and risk management solutions for artificial intelligence. The TPL product …

Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs

AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced the launch of an insurance policy that offers customizable cyber and specialist liability coverage to companies in Canada with up to US$2 billion in revenue. (Correction: The revenue figures for SMEs …

Southern Specialty Rebrands, Names Roberts President

Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the …

Markets/Coverages: Coalition Launches Cyber Insurance for Businesses in Nordic Region

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance product in the Nordic region. Coalition’s offerings are available in Denmark as of May 1, 2025, and will become available in …

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