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Aon to unveil $250M terrorism facility

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Aon to unveil $250M terrorism facility

Several insurance companies disclosed new products and coverage enhancements in recent days.

Life and health

General agency LISI linked up with Colonial Life & Accident Insurance Co. to offer voluntary benefits that help employees cover out-of-pocket healthcare costs. Colonial Life's accident, critical illness and medical bridge voluntary benefits are available to small and large groups, effective Dec. 1.

Property and casualty

JLT Re (North America) Inc. partnered with personal auto insurtech company Pact Insurance to create a digital insurance solution to cover established and emerging mobility risks. The product will be offered to the emerging digital auto insurance market.

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Allstate Corp. collaborated with the Geospatial Intelligence Center created by the National Insurance Crime Bureau to have access to aerial images and data that can help price insurance for new customers and help existing customers in their time of need. Pursuant to this, Allstate customers who leave town ahead of a hurricane or wildfire may now have access to images of their homes shortly after the disaster.

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Aon PLC is launching a $250 million terrorism facility, Irongate, designed to target small and medium-sized enterprise clients in Europe and the U.S., The Insurance Insider reported. Liberty Specialty Markets is reportedly close to agreeing to write the Irongate facility on a 100% basis through its Liberty Mutual Insurance Europe SE legal entity in Luxembourg.