Everest Re Group is getting into the credit and political risk coverage business. Starr Companies added new services to its cyber terror response insurance. Willis Towers Watson unveiled a next-generation version of its credit risk placement platform.
Everest Re Group launched a new unit focused on credit and political risk coverage.
This expansion of its Everest Insurance platform will provide a broad offering of credit and political risk coverages for banks, corporations, exporters, contractors and infrastructure developers. There will also be limits and terms commensurate with other leading markets in this area.
Everest said that even with this new addition, it continues to explore additional expansion of its underwriting capabilities.
Starr Companies is enhancing its cyber terror response coverage with new services from NYA International And Abernathy MacGregor.
The insurance provides comprehensive coverage for losses related to cyber attacks, workplace violence, political violence and acts of terrorism.
NYA is a crisis prevention and response consultancy with more than 25 years of experience helping clients reduce their exposure to, and manage, global security risks. Abernathy MacGregor is a strategic communications firm with more than 30 years of experience advertising and helping organizations during times of change and crisis.
Willis Towers Watson said it launched a next-generation version of its credit risk placement platform.
Mercury was first developed in the 1990s and earned its name after being moved to a web platform in 2004. The system gives clients the ability to bind credit insurance policies themselves over an online portal. It offers banks, and now, corporates, access to their chosen credit insurers.
Sources: Everest Re Group, Starr Companies, Willis Towers Watson