AXIS Insurance and a partner will provide environmental risk products for contractors, consultants and engineers in the United States. Starr Insurance Companies is now marketing a monoline general liability construction wrap-up insurance policy.
AXIS Capital Holdings Ltd.’s AXIS Insurance and DUAL North America, the underwriting arm of the Hyperion Insurance Group, will partner to provide environmental risk product offerings for contractors, consultants and engineers in the United States.
DUAL North America will operate as a managing general agent (MGA) for AXIS to distribute and underwrite multiproduct environmental coverages. This will include providing small and midsize businesses with coverage they need connected to the removal of underground storage tanks, abating asbestos and remediating contaminated soil, among other highly specialized environmental projects and services.
According to Richard Zarandona, executive vice president of Design Professional, Environmental and Surety at AXIS Insurance, the new environmental coverages for consultants and contractors offer more flexible safeguards against pollution-related risks.
Starr Insurance Companies is now marketing a monoline general liability construction wrap-up insurance policy. Dubbed Starr CIP Enterprise, the new product is designed for property owners and contractors who need tailored primary and excess general liability coverage for single large construction projects.
According to Andy Robinson, senior vice president, Primary and Excess Construction, Starr CIP Enterprise fills a gap for clients whose existing primary and excess liability coverages often don’t align, leaving potential liability exposures.
The new policy is available through a select set of trusted wholesalers who specialize in construction.
Contractors and property owners can access the exclusive Starr CIP Enterprise wholesaler network through their insurance broker.
Sources: AXIS, Starr