The Latest Launches From Ironshore, Brit, QBE and More

March 16, 2016

Bigger Better and Faster Product as a ConceptIronshore is expanding its cyber coverage in Canada. RealRate and Pinnacle Actuarial Resources will jointly offer a beefed up comparative price tool for commercial auto insurance. Brit launched new coverage for fine arts and more. QBE Specialty is debuting offerings through its newly created Inland Marine practice.

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A unit of Ironshore is expanding its cyber and related technology offerings in Canada.

Specifically, IronpPro is launching a group of enhanced cyber and technology E&O coverage and services customized for the Canadian marketplace, according to Ironshore.

As well, both IronPro’s cyber and technology products will provide eligible Ironshore “Highly Protected Information” policyholders with cyber monitoring and alert services during the duration of the policy that will detect potential threats and proactively warn clients of problems. Information security firm BorderHawk will be subcontracted to handle this.

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RealRate and Pinnacle Actuarial Resources will jointly offer enhanced services centered around comparative pricing for the commercial auto insurance industry.

Real Rate is a pricing analytics expert, and recently launched a comparative pricing tool for the commercial auto industry. Pinnacle is an independent actuarial and management-consulting firm. Their partnership will provide comparative pricing options, actuarial consulting and customized service, according to their announcement.

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Brit Ltd., launched new coverage designed for the fine art and specie sector.

Dubbed Conexus, the product will be a single policy that combines cover for fine art and specie, property business interruption and general liability. Plans call for offering it initially in North America.

Brit, a subsidiary of Fairfax Financial Holdings Ltd., is a global specialty insurer and reinsurer with a big presence in Lloyd’s of London. The Brit Group underwrites commercial specialty insurance with a strong focus on property, casualty and energy business.

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QBE-InsuranceQBE Specialty unveiled a new group of products that will be offered through its newly created Inland Marine practice.

The offerings will target construction (including buildings and structures under construction and contractor’s equipment); energy (well servicing and directional drilling equipment); logistics (truckers and warehouse operators); and mobile equipment (medical and scientific equipment, towers and antennas and equipment sales/rentals).

This market outreach will include new insurance plans over the coming months such as motor truck cargo and builders risk coverage offerings. As well, QBE Specialty will work with its aviation division to address customer airport needs for property and equipment coverage.

Sources: Ironshore, RealRate/Pinnacle Actuarial Resources, Brit Ltd., QBE Specialty