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SAN FRANCISCO, April 27, 2021 /PRNewswire/ Delos Insurance Solutions, using aerospace expertise to solve insurance availability and affordability issues, today announced an agreement with A+-rated reinsurance companies that will result in a five-fold increase in insurance capacity for California homeowners in areas prone to wildfires. The new reinsurance capacity is provided by Arch Reinsurance Ltd. (Bermuda) and the Lloyd s of London syndicate, Arch Syndicate 1955 (formerly Barbican Syndicate 1955). Both companies are part of the Arch Capital Group, Ltd., which is rated A+ by A.M. Best.
Delos, which was founded by aerospace engineers, uses satellite imagery and proprietary modeling technology to quantify a home s actual wildfire exposure – to address a frequent miscategorization between exposed and stressed. The Delos model identifies homes in stressed areas of California that cannot find insurance protection but are not highly
Delos Announces New Capacity for California Wildfire Areas insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Arch Launches Transport and Logistics Insurance Division, Led by Argo’s O’Gorman March 15, 2021
Arch Insurance International has announced the launch of a new transport and logistics insurance division and the appointment of Steve O’Gorman as head of Transport and Logistics, effective immediately.
The new division offers a range of specialist and marine and P/C insurance solutions for both the logistics and cargo sectors, on a global basis. It will also offer packaged insurance products specifically designed for companies operating in the fast-growing third-party logistics sector, including contractual/professional liability, shipper’s interest cargo, and property & equipment cover.