Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: Marsh Launches Insurance for EU Crypto-Asset Service Providers
May 8 2024 // Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU),...
Skyward Specialty Announces Pricing of Secondary Offering of Common Stock
May 7 2024 // Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the...
Markets/Coverages: Resilience Announces New Cyber Loss Prevention Tools; Amwins Forms New Transportation Entity; Aon Launches Suite of Risk Analyzer Tools
May 2 2024 // Resilience announced new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk. Following the launch of Technology Errors and Omissions (E&O)...
Markets/Coverages: Relm Launches Employment Practices Cover for Capacity Demands
May 1 2024 // Relm Insurance, a Bermuda-based specialty insurance carrier, unveiled its Comprehensive Employment Practices offering, responding to industry demand to address capacity scarcity. The enhancements of the new policy, payable...
People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO
May 1 2024 // This edition of International People Moves details appointments at re/insurance brokers BMS and Gallagher. A summary of these new hires follows here. BMS Launches Global Healthcare Liability Unit, Led by Wendin From...
Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s
Apr 29 2024 // Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at...
Orion180 Launches Homeowners Insurance in Arizona
Apr 26 2024 // Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium
Apr 25 2024 // Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed...
Maryland Launches Programs to Help Port of Baltimore Businesses and Workers
Apr 17 2024 // Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to...
Beat Capital Partners to Launch Credit Insurance Business, Naming Pike as CEO
Apr 16 2024 // Beat Capital Partners, a London-based venture capital investor that focuses on the insurance industry, announced it is planning to launch a specialty and tech-enabled credit non-payment insurance underwriter. Called...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Apr 10 2024 // Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance. The maximum...
Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James,...
Markets/Coverages: Lemonade Launches Homeowners Insurance in France
Apr 9 2024 // Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and...
LineSlip Solutions Launches Peer Comps: Breakthrough Cyber Insurance Modeling Tool
Apr 8 2024 // New Solution Empowers Insurance Brokers and Buyers with Unparalleled Cyber Insurance Benchmarking NEW YORK, April 8, 2024 – LineSlip, the leading provider of data analytics for commercial insurance brokers, risk...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
Arrowhead Launching Commercial Auto Product in California
Apr 5 2024 // Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product. Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program includes:...
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
Apr 3 2024 // With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance...
The Target Markets, The Institutes Launch Program Business Professional Designation
Mar 28 2024 // The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group created a new credential for program insurance professionals, the Program Business Professional (PBP) designation. The PBP...
Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians
Mar 26 2024 // Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it...
