Torrent Technologies, Inc., a Marsh company, in coordination with Torrent's Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), announced the availability of a new excess flood insurance solution that combines broad coverage with real-time quoting and binding functionality. Torrent/DUAL Excess Flood is underwritten by Lloyd's of London coverholder DUAL Commercial LLC, and provides up to $15 million in insurance protection above NFIP limits for residential and commercial property owners and up to $20 million in coverage for condominium owners. Written on a per risk basis, limits can cover damage to buildings and contents. Other coverage options, including loss of income/rents and earthquake, are also available to policyholders.

DLL announced it has sustained its growth in the first half of 2015. The company's strong half-year result is credited to its focus on partnerships, dedicated industry knowledge and a balanced spread of activities across regions. In the first six months of 2015, DLL recorded a net profit of $286 million, an increase of 13.9% compared to the same period last year. DLL is active in more than 35 countries worldwide in 4 different continents and targets 9 different industries: food, agriculture, healthcare, clean technology, construction, industrial, transportation, office technology and automotive. A substantial increase in food, agriculture, construction, transportation and industrial business during the first half of 2015 contributed to a year over year growth of the company's leasing portfolio with 4.7% towards $39.0 million. Geographically, Europe and North America were the primary contributors to this portfolio growth.

Willis Group Holdings announced the launch of Evergreen, an innovative, new insurance approach that removes the need for annual policy renewal. The Evergreen contract was developed by Willis in conjunction with AIG, the underwriters. The contract continues indefinitely, reducing frictional costs and eliminating time consuming administration at renewal. Complemented by risk management support, regular reviews ensure the correct level of protection is maintained at all times. The Evergreen policy also provides a six-month cancellation clause, which gives clients greater flexibility and freedom, unlike a traditional annual insurance policy that cannot be cancelled after inception.

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Trudy Knockless

Trudy Knockless is a reporter on ALM Media's Business of Law desk.  She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.