Rates also increased by 2.5% last year for insurers.
ILS issuance was at an all time high in 2020 but this year looks set to climb even higher.
The warranty service contracts are insured through a contractual liability insurance policy negotiated by William R. Carey & Co and Mike Richardson of Tysers Insurance Brokers.
The insurer is making the settlement despite continued judicial uncertainty.
The company said the changes were part of its long-term succession planning.
LemonEdge enables firms in the financial services industries digitise complex accounting.
They will work with international clients and global projects from its London GCP team.
Qlaims Insurance uses capacity provided by HSB Engineering, part of Munich Re.
The firm said this is an important period in the evolution of the energy sector.
The firm made a strategic decision to expand its Major Loss unit over the past two years.