Specialty Program Group LLC haslaunched Flagship Marine Underwriters, a best-in-class yachtand charter recreational marine underwriting facility. Based inFort Lauderdale, Florida, Flagship specializes in globalunderwriting facilities for yacht, luxury yachts and the charteryacht industry.
|Assurant Inc. has expanded itsSureDeposit product to commercial property owners, managementcompanies and their tenants. Previously only available in theresidential market, Sure Deposit now enables commercial propertymanagers to offer a surety bond payment as an alternative to asecurity deposit.
|Specialist reinsurance broker CapsicumRe has confirmed its role as reinsurance brokerworking with the Arch Capital Group Ltd.'s new Washington D.C.based subsidiary, Arch MRT, on the new mortgage credit risktransfer program, 'IMAGIN'.
|Tokio MarineAmerica and Tokio MarineHCC, two subsidiaries of Tokio Marine Holdings, areoffering food and beverage importers simplified access to Cargo andProduct Contamination coverage. This partnership will offer broaderchoices and coverage and importers seeking protection from newexposures created by the Food Safety Modernization Act.
|IAT Insurance Group has reached adefinitive agreement to acquire the renewal rights and certainassociated assets for a book of surplus lines excess and umbrellainsurance business from Rockhill Insurance Group, a subsidiary ofState Auto Mutual Insurance Company. Financial terms were notdisclosed, and the deal is expected to close May 1, 2018.
|HUB International Limited hasacquired the shares of Desilets Insurance Brokers Ltd. Terms of theacquisition were not disclosed.
|LexisNexis Risk Solutions announcedthat the Small Business Financial Exchanges Inc. (SBFE), a not forprofit trade association, has approved a data sharingarrangement where the insurance companies and SBFE Member(comprised of small business lenders) can participate in sharingsmall business information to more effectively assess risk acrossboth industries.
|Lockton has acquired E3 solutions, anenrollment and benefits administration firm founded in 2014.
|Starr Companies has reached an agreementwith SkyWatch, a data analysis, risk assessment and activerisk-reduction platform for the drone industry. The agreement willoffer qualified unmanned aerial vehicle operators the ability tosecure insurance “on demand” for each flight.
|Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
