Environmental

Bowhead targets 10/1 environmental roll-out with up to $10mn capacity

Bowhead Specialty is set to launch an environmental offering including contractors’ pollution and professional liability coverage as well as site pollution on a primary basis, and follow-form excess over both products with limits of up to $10mn, led by new hire Mary Ann Susavidge, E&S Insurer can reveal.

Environmental insurance market feeling the stress of social inflation

Environmental coverage is one of the most intriguing, challenging and complex corners of the specialty insurance market. As environmental underwriters, we deal with issues at the intersection of construction, manufacturing, transportation, science and the law. There is never a dull moment.

Liberty’s CUO for North America specialty lines Smith exiting for new role

Liberty Mutual’s chief underwriting officer for North America specialty lines Toby Smith has stepped down from his role after 15 years with the company and its predecessor firm and is expected to re-emerge at a private equity-backed carrier, The Insurer can reveal.

Vantage hires BHSI’s Dannecker to lead new environmental offering

Vantage Group Holdings has extended its contractors pollution liability and professional liability coverage to environmental contractors and consultants, hiring Michael Dannecker from Berkshire Hathaway Specialty Insurance to lead the new non-admitted offerings.

Burns & Wilcox to acquire wholesaler Environmental Underwriting Solutions from IOA

Burns & Wilcox has reached a definitive agreement to acquire wholesale insurance broker Environmental Underwriting Solutions (EUS) from Insurance Office of America (IOA).

Westfield Specialty confirms environmental entry with Willette-led team

Westfield Specialty has entered a sixth line of business with the addition of an environmental underwriting team led by former Axa XL and Global Indemnity executive Dennis Willette, a move first revealed by this publication in March.

Westfield Specialty to enter environmental liability with Willette team

Fast-growing Westfield Specialty is set to move into its sixth line of business since its launch in 2021 with the hire of former Axa XL and Global Indemnity executive Dennis Willette and his team to write an environmental liability offering, E&S Insurer can reveal.

Power and responsibility: Managing environmental liability risk in the transition to a greener economy

With mines and refineries shutting down at a rapid rate, Rich Zarandona, head of environmental liability at Axis, considers the ramifications – not least the importance of establishing responsibility for the long, costly and complex process of decommissioning and clean-up.

Sirius’s new E&S unit to write environmental business

Sirius International Insurance Group has expanded its US excess and surplus lines (E&S) platform to write environmental business as of the start of 2021, following the new unit starting to issue certain travel and health policies in September.

Insurers add coronavirus exclusions, while additional coverage options also emerge

Insurers are adding coronavirus-related exclusions in a number of areas such as property, environmental, communicable disease coverage and event cancelation, while some carriers and brokers are also seeing opportunities to add new coverages.