Insurance industry news from Embroker, VIU by HUB, Ryan Specialty and more. (Photo: Shutterstock)
Embroker released a digital excess tech errors & omissions product, available immediately to brokers. This new digital tool empowers brokers to quickly and easily overwrite traditional and insurtech E&O/cyber policies with overhanging limits up to $5 million.
VYRD Insurance Co. completed its 2023 reinsurance program for the upcoming Atlantic hurricane season. VYRD's reinsurance program exceeds regulatory and rating agency requirements and provides coverage for multiple catastrophic events. The program, which runs from June 1, 2023 through May 31, 2024, was secured by entering into contracts with multiple reinsurers and with the State Board of Administration of Florida, which administers the Florida Hurricane Catastrophe Fund.
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