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Validus partners on vessel operator cover; Nassau Re offering new annuity


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Validus partners on vessel operator cover; Nassau Re offering new annuity

Property and casualty

XL Catlin's London-based insurance operations introduced a contract continuity clause as part of its Brexit contingency plans. The clause is intended to address the risk that contracts written by XL's London-based entities prior to Brexit may become impermissible assuming loss of so-called passporting rights. Elsewhere, XL Catlin adopted an online claims reporting tool in the North America to deal with marine insurance claims. XL Catlin is the global brand used by XL Group Ltd's insurance and reinsurance companies.

ISO, a Verisk Analytics Inc. business, announced that its cyber insurance program has been implemented in 42 states and U.S. territories.

LifeScore Labs' standards-based algorithmic risk scoring solution, LifeScore360, will be offered as an additional analytics option for Swiss Re's automated underwriting system pursuant to a partnership between LifeScore Labs and Swiss Re. In addition, Swiss Re will support the use of LifeScore360 in life reinsurance transactions in the U.S. LifeScore Labs was created by Massachusetts Mutual Life Insurance Co.

Travelers Cos. Inc. launched Traverse, a personal insurance product designed for consumers who may not need a traditional home or auto policy. Traverse can serve as an alternative to renters insurance by including personal liability coverage, and also offers identity theft coverage and protects things like mobile phones, laptops, musical instruments, jewelry and even some vacation experiences. The package is currently available in New York.

Validus Specialty Underwriting Services Inc.'s marine and upstream energy insurance team has partnered with Eagle Ocean America, an insurance facility operated by Eagle Ocean Agencies. The partnership allows Eagle Ocean America to offer new hull, liability and ancillary covers to serve U.S. vessel transportation risks.

Beazley Plc expanded regulatory coverage for nutraceutical firms under its NutraGuard policy. The broadened coverage aims to address five regulatory risks, two emerging from federal law and three specific to California, since the state constitutes one of the largest markets for nutraceuticals in the U.S.

Lemonade Insurance Co. launched in Washington, D.C., the company said in a March 19 tweet.

Argo Insurance Bermuda, a member of Argo Group International Holdings Ltd., launched its wage and hour liability insurance product. The product provides employers with defense and indemnity liability coverage for violations of the Fair Labor Standards Act or similar state and federal laws that govern employee compensation.

Life and health

Highmark Inc., a Blue Cross Blue Shield affiliate, has partnered with Livongo Health Inc. to provide chronic condition management services to its employees and self-funded commercial clients.

Molina Healthcare Inc. entered into a multiyear contract with Connecture to launch digital quoting, shopping and enrollment tools for its Medicare business, specifically its Medicare Advantage products.

Nassau Reinsurance Group Holdings LP added a single-premium multiyear guarantee annuity to its insurance offerings, Nassau MYAnnuity.

MetLife Inc. formed an alliance with Ernst & Young LLP to provide employees with a workplace financial wellness solution. The solution, PlanSmart Financial Wellness, is launching in spring 2018.

Voya Financial Inc.'s retirement business added to its suite of digital, educational retirement planning tools and resources to support the special needs community. The company added new financial planning features to its myOrangeMoney website where plan participants can learn more about a number of important topics on special needs planning.

SelectHealth Inc. signed a value-based contract with Novo Nordisk to measure outcomes among patients with type 2 diabetes using Victoza.

Great American Life expanded its product offerings to include a variable-indexed annuity, the Index Frontier 7. The members of Great American Insurance Group are subsidiaries of American Financial Group Inc.

Pursuant to an agreement between Blue Cross and Blue Shield of Texas Inc. and Baylor Scott & White Health LLC, members with Blue Advantage health maintenance organization health plans will have in-network access to the health system's facilities and HealthTexas Provider Network physicians. The agreement is effective April 1.