Johnston, Rhode Island-based commercial and industrial propertyinsurer FM Global said it has appointedMichel Giannuzzi and Israel Ruizto its board of directors. Giannuzzi is CEO of Paris-based Tarkett,a flooring maker, and Ruiz is executive vice president andtreasurer of the Massachusetts Institute of Technology inCambridge, Massachusetts.

Chicago-based Property Casualty Insurers Association ofAmerica said it has awarded a $5,000 grant to WildfirePartners in Boulder, Colorado, to support its work with homeownersliving in high-risk wildfire communities to mitigate and preventdamage to homes from wildfires in the wildland urban interface.

Bermuda-based reinsurer Microinsurance Catastrophe RiskOrganization said it has released a new product forlow-income families in Central America. The microinsurance productwill cover business interruption losses from excessive rainfall,severe drought and earthquakes.

Dublin-based insurance and reinsurancegiant XL Catlin said it has addedterrorism and political violence coverage options to its PlatinumProperty insurance program. XL Catlin said the coverage willaddress gaps in coverage provided by the Terrorism Risk InsuranceProgram Reauthorization Act, which does not cover locations outsidethe United States.

Bala Cynwyd, Pennsylvania-based Philadelphia InsuranceCos. said it is offering a new insurance productfor museums and cultural institutions through a partnership withsister company, New York City-based Tokio MarineAmerica. Called the Fine Arts Collection, the productwill cover transportation of art, title defense, restoration,retouching, conservation and fine arts-specific claimsadjusters.

New York City-based insurer QBE NorthAmerica said it has partnered with Crystal Lake,Illinois-based StatesideUnderwriting Agency to underwrite financial risk isfor organizations that rely on professional liability insurance tocover legal liability for claims brought against them by a thirdparty in the rendering of professional services.

The Connecticut Insurance Department said it nowhas an online payment portal for licensees who conduct businesswith the department. Licensees will be able to use the tool to payfees for letters of certification, clearance letters and the annual$450 assessment for licensed bail bondsmen.

London-based specialist lines underwriting agency CFC Underwriting said it isoffering a new kidnap and ransom insurance product. The coverageincludes cyber coverage for the reimbursement of ransom paid andadditional expenses incurred as a result of a cyber attack.

San Francisco-based venture capital firm GenstarCapital said it has completed the sale of portfoliocompany Acrisure LLC, a Caledonia, Michigan-basedinsurance brokerage, to Greg Williams, Acrisure's chief executiveofficer and co-founder, and a consortium of minority investors for$2.9 billion. Genstar Capital acquired Acrisure in 2013.