Most Popular New Markets Headlines This Year
The most viewed headlines from our New Markets Topic Page over the last year.
#1 Liberty Mutual Announces 850 Additional Layoffs
Oct 27 2023 // Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become...
#2 Allstate Announces May Catastrophe Losses, Auto Rate Hikes
Jun 15 2023 // Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There were a dozen events in May causing $893 million in catastrophe losses, Allstate said, but...
#3 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...
#4 Markets/Coverages: Liberty Launches National Private Client Practice Group
Oct 27 2023 // The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at...
#5 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...
#6 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...
#7 Markets/Coverages: Liberty Mutual Launches New Management Liability Package
Jan 22 2024 // Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime...
#8 Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
Jan 23 2024 // Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect...
#9 Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
#10 Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo
Oct 19 2023 // National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes...
#11 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,...
#12 Dyad Brand Launches to the P/C Insurance Market
Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...
#13 Risks on Stage: New World, New Life in Entertainment Business
May 22 2023 // Spectator Safety, Natural Catastrophes, Rising Costs Top Concerns Today As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety,...
#14 Wright Flood to Launch Residential, Private Flood Insurance Option in 5 States
Aug 22 2023 // Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana. Written...
#15 Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as...
#16 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:...
#17 Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
Sep 19 2023 // Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering...
#18 People Moves: Sompo International Announces New UK Leadership Team; SiriusPoint Names Smyth Head of Marine, Active U/W for Syndicate 1945
Sep 15 2023 // This edition of International People Moves details appointments at Sompo International and SiriusPoint. A summary of these new hires follows here. Sompo International Announces New UK Leadership Team Sompo International,...
#19 Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility
Jan 29 2024 // Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility,...
#20 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...
