Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Chubb Launches Global Climate Business Unit
Jan 4 2023 // Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The...
UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part...
Munich Re to Launch Specialty Insurance Division
Dec 16 2022 // Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the reinsurance segment. The...
Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector
Dec 16 2022 // QBE Europe Launches Warranty & Indemnity Product QBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers. The new product reflects an...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Dec 5 2022 // Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and...
Michigan’s Ford Credit Company to Launch Commercial Vehicle Insurance
Dec 1 2022 // Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services...
Understory, Skyward Specialty Launch Insurance Captive Solution for Auto Dealer Market
Nov 15 2022 // Understory Inc. a Madison-Wisconsin provider of innovative insurance solutions for climate risk, and Skyward Specialty Insurance Group Inc., a Houston-based specialty insurance company, have partnered to launch a new...
Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace
Nov 10 2022 // Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language...
Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Nov 9 2022 // Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability,...
People Moves: Dale Enters Marine Re With 2 MS Amlin Hires; Chubb Taps AGCS’ Turberville as Head of Hull, Global Mkts.; Argenta Names Blackwell Head of Property
Nov 4 2022 // This edition of International People Moves details appointments at Dale Underwriting Partners, Chubb and Argenta. A summary of these new hires follows here. Dale Underwriting Offers Marine Reinsurance With 2 Hires From MS...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories
Oct 20 2022 // A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity for specialty lines of businesses and hard-to-place risks. Specialty MGA UK...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s
Oct 13 2022 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium...
People Moves: Aon Announces New Lineup for UK Commercial Risk Team; Zurich Appoints Seach as Group CUO, Succeeding Robinson
Oct 13 2022 // This edition of International People Moves details appointments at Aon and Zurich Insurance. Aon Announces New Lineup for UK Commercial Risk Team A summary of these new hires follows here. Insurance broker Aon plc has...
Markets/Coverages: Lockton Launches Digital Asset Custody Insurance Facility; WTW Launches Risk IQ Portal for Direct Access to Modeling Tools
Oct 12 2022 // Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America
Oct 12 2022 // European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is pressuring the industry to raise rates and continue improving the quality of their portfolios, according to a...
Specialty MGA Optio Launches MGA and Broking Operations in Dubai
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Cyber MGA Resilience Launches UK Operation
Sep 28 2022 // Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market. In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI...
Markets/Coverages: Marsh Clients Can Pay Fees With Carbon Credits; Cowbell Debuts Adaptive Cyber, Launches Cowbell Specialty
Sep 23 2022 // Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the...
Markets/Coverages: BHSI Launches Multiple New Policies in Spain
Sep 22 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional indemnity and marine cargo insurance policies in Spain. “Launching our...
