One80 builds out BOP and WC to small commercial businesses
One80 Intermediaries is now offering its admitted business owners policy (BOP) workers compensation coverages to small commercial businesses within low to medium hazard groups.
Sutton National to retain up to 20% on programs
Sutton National will seek to differentiate itself in the fronting space with its ability to take up to 20 percent of the risk on certain programs as the start-up addresses an attractive pipeline of deals after securing an A- rating from AM Best earlier today, The Insurer can reveal.
Coastal MGU SageSure launches BOP program with SafePort capacity
Homeowners insurtech MGU SageSure has launched a business owners policies (BOP) program in South Carolina with A- AM Best paper from SafePort as it broadens its offering into the commercial market.
AM Best affirms R&Q and Accredited subsidiaries
AM Best has affirmed the A- financial strength and “a- ” long-term issuer credit ratings (ICR) of R&Q’s Accredited Surety and Casualty Company (ASC) and Accredited Insurance Europe (AIEL) subsidiaries as it highlighted their pivotal role in the group’s growing program business.
Markel provides excess liability capacity to Tangram propane program
Markel has partnered with Tangram Insurance Services to provide excess liability capacity that will sit above the MGA’s existing propane and fuel distribution industry program.
Attune secures Accredited paper with TransRe-led reinsurance capacity
SPG adds Allstate’s Lamitola and names Stavrakis Monarch E&S president
AM Best downgrades American Millennium and puts Citadel Re on review
Brit partners with Tangram and Costero on K&R facility
Markel will selectively participate on State National programs
Brit partners with Tangram and Costero on K&R facility
Brit Syndicate at Lloyd’s has partnered with US MGA Tangram Insurance Services and broker Costero Brokers to launch a kidnap & ransom and personal accident facility.
Brit provides capacity for Nexus’ professional liability E&S push
London market managing general agent Nexus Group has secured capacity from Brit Syndicates to write professional liability business in the US on an E&S basis, The Insurer can reveal.
Cowbell Cyber launches $15mn limits program with Obsidian and Benchmark
AI-driven cyber insurtech Cowbell Cyber has unveiled a program called Prime 250 that offers 25 coverages in three packages on the paper of hybrid fronting carriers Obsidian Insurance Company and Benchmark Insurance Company with a panel of global reinsurers behind them.
The PM interview
Interview: The long-term play
Program Manager talks to John Tatum, head of US programs at Axis, about the carrier’s strategy in a burgeoning sector that goes beyond the short-term churn of a transitioning market.
Viewpoint
BMS’s Chandler calls for consistency on communicable disease exclusions
The industry needs to work together to improve communicable disease exclusions resulting from Covid-19, according to BMS’s Pete Chandler, who also identified a robust increase in opportunities in the program administration space.
People Moves
SPG adds Allstate’s Lamitola and names Stavrakis Monarch E&S president
Hub International’s Specialty Program Group (SPG) has brought in Christopher Lamitola from Allstate as its new chief sales officer while Yiana Stavrakis has moved to a new role as president of Monarch E&S Insurance Services.
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