E&O

CFC launches US manufacturers’ E&O offering

CFC has launched an errors and omissions (E&O) insurance solution for US manufacturers.

Hiscox adds Embroker’s Maletsky as US practice leader for tech E&O and cyber

Hiscox USA has appointed Mike Maletsky to vice president, practice leader, technology E&O and cyber, with the new hire joining from Embroker.

Berkley Service Professionals launches new manufacturer’s E&O product

Berkley Service Professionals, a division of Berkley Alliance Managers, has launched a new manufacturer’s E&O product offering limits of up to $3mn for primary and $5mn for excess.

Axis adds Argo’s Morley as head of E&O in the US

Axis Capital has brought in Pauline Morley from fellow Bermudian Argo to lead its E&O business in the US.

Resilience launches tech E&O coverage with $10mn limits

Cyber insurtech Resilience has launched technology errors and omissions coverage for US organisations with $300mn to $10bn in revenue.

Mosaic launches $15mn primary tech E&O offering

Mosaic Insurance’s cyber division has launched a primary technology errors and omissions offering to protect tech businesses against liability risks.

Upland adds Indigo and Validus staff to spearhead PL E&O and excess cyber moves

Upland Capital Group has hired a Kate Walas-led team from Indigo Specialty Underwriters to spearhead the E&S carrier’s entry into the professional liability E&O sector and also recruited a pair of Validus Specialty staff to lead its push into the excess cyber liability segment.

Cyber MGA Corvus expands tech E&O product following Travelers takeover

Boston-based cyber underwriter Corvus has launched an expanded tech errors and omissions product featuring an enhanced appetite backed by Travelers, along with the firm’s risk advisory and claims handling services.

CRC REDY: E&S property pricing cools in Q4 as excess/umbrella heats up

E&S property rate increases slowed in the fourth quarter of 2023, but upwards pricing in excess and umbrella picked up amid a renewed effort from carriers to push for rate in response to concerns about loss cost trends, according to the latest REDY indices from wholesaler CRC Group.

New CRC E&O REDY index shows price increases slowed to 6.5% in September

CRC has unveiled a REDY index for a fifth line of business, with its monthly renewal pricing analysis for errors and omissions showing a slowdown in Q3 from 7.2 percent increases in July to 6.5 percent in September, highlighting competitive pressures in a number of classes.

Embroker launches new excess tech E&O cyber product

San Francisco-headquartered insurtech intermediary Embroker has unveiled a new digital excess tech errors and omissions product offering limits of up to $5mn.

Corvus and Core Specialty strike capacity deal for $5mn XS tech E&O and cyber program

Corvus and Core Specialty have reached an agreement for a new excess tech E&O and cyber program that will offer up to $5mn in limits for businesses with revenues up to $500mn, in a deal that marks the specialty insurer’s entry into writing cyber.

Ryan Specialty expects ~$21mn E&O recovery after cover placed with “unsatisfactory” paper

Barclays analysts have said that Ryan Specialty’s $100mn E&O coverage limit is more than enough to cover its $23mn gross loss contingency to replace coverages placed with an MGU that was not backed by rated paper.

Start-up MGA Xeneros partners with Indigo for property field adjusters program

Newly launched MGA Xeneros Consulting Services has partnered with Mission Underwriting Managers’ Indigo Specialty Underwriters and brought to market a new errors and omissions insurance program for independent property field adjusters that specialize in catastrophic claim work.

ProWriters adds INSUREtrust’s Goldthorp as looks to add new products

ProWriters has recruited Zane Goldthorp as director of broker development as the wholesaler and surplus lines broker targets further growth in the technology errors and omissions (E&O) and cyber segments.

Relm’s Ziolkowski: Commitment to crypto market “unwavering” amid FTX fallout

The CEO of Bermuda-based crypto-focused carrier Relm Insurance has told The Insurer that despite the ongoing fallout from the collapse of FTX, his firm remains “unwavering” in its commitment to providing dedicated capacity to the specialist sector.

Westfield Specialty adds claims exec Trokan and looks to enter primary E&O and cyber

Westfield Specialty plans to enter primary E&O and cyber business as it continues the build-out of its WestfieldPro offerings and adds industry talent, including the recent hire of Sara Trokan from Chubb as senior vice president of specialty claims, The Insurer can reveal.

Axa XL makes trio of E&O hires from Axis, Hallmark and Argo

Axa XL has grown its commercial errors and omissions (E&O) insurance team in the US with the additions of Melissa Sowa from Axis Capital, John Birkhofer from Hallmark Financial and Michelle Anderson from Argo Group.

Aon: Severe cyber/E&O price increases expected to stabilise in H2

Aon has observed a slight reduction in the frequency of cyber claims, according to its latest Errors & Omissions and Cyber Market Review, while the broker anticipates the first half of 2022 will continue to see severe rate increases with the potential for stabilisation in the second half of the year.

SpottedRisk shares Coda success and readies for European and D&O growth

Fresh from sharing in Coda’s success at the Oscars after its Media Guarantors platform wrote a completion bond for the film, MGA SpottedRisk is set to enter the UK and EU markets in addition to readying a D&O and E&O play, CEO Janet Comenos has told The Insurer.

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