Brownyard Group, a program administrator providing specialized insurance coverage for select industries, announced a partnership with Hudson Insurance Group.
Hudson will work with the Brownyard Group to continue providing specialized insurance for the needs of the domestic cosmetics industry including cosmetics manufacturers, importers and distributors.
FOUNDATION, Brownyard Group’s insurance program specifically for cosmetics manufacturers, distributors, and importers, is available in most states and will continue to offer the same coverage to protect the cosmetics industry from the unique risks and exposures they face, including general liability, products liability, hired/non-owned auto, commercial property, and inland marine.
Hudson is a specialty insurer offering property/casualty insurance products to corporations, professional firms, and individuals through retailers, wholesalers, and program administrators such as Brownyard Group. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group Holdings Inc., a global provider of reinsurance and specialty insurance and a subsidiary of Fairfax Financial Holdings Limited.
Brownyard Group is a program administrator that has developed and provided specialized insurance programs for select industries for 70 years. These industries include security guards, pest control operators, cosmetics manufacturers, alarm systems, private investigators, security consultants, landscape professionals, cemeteries, libraries, and the beauty industry. In 1993, Brownyard established Brownyard Claims Management, a loss prevention and full-service insurance claims facility. The company is based in Bay Shore, New York.
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Trium Cyber, a newly established Lloyd’s services company providing cyber insurance, risk management, and claims adjudication services partnered with Origami Risk’s multi-tenant software as a service, property/casualty insurance suite for underwriting, billing, and claims administration.
Origami has been working in collaboration with Trium Cyber’s team to develop the service company’s platform. Origami delivers tailored configurations and a multi-tenant platform that accommodates a variety of business models and works to facilitate underwriting, billing, policy, and claims administration.
Backed by Pelican Ventures, Trium Cyber is led by CEO Josh Ladeau and Chief Underwriting Officer Jeff Bores. It provides cyber insurance along with complementary risk management advisory services and real-time loss mitigation services.
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Munich Re, a global provider of reinsurance, primary insurance, and insurance-related risk solutions, selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise.
Using Verisk Maplecroft’s Human Rights Risk Indices, which identify exposure to 31 civil, political, and labor rights at national and subnational levels in 198 countries, Munich Re will upscale its ability to undertake global operational risk assessments, alongside factoring the data into its underwriting and investment decisions.
Verisk Maplecroft has been measuring and analyzing human rights risks for more than 15 years. Its data has been used by multinationals managing human rights risks in their operations and supply chains and by asset managers and banks assessing and addressing their human rights risk exposure across complex global investment and lending portfolios. Adoption by insurers is the next step, the company said in a press release.
Sources: Brownyard Group, Trium Cyber, Munich Re