Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Ohio’s Westfield Launches Specialty Insurance Business
Jul 21 2021 // Westfield, a Westfield Center, Ohio-based super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty. Westfield appointed...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
Omaha National Announces It’s Expanding Coverage to New York
Jul 14 2021 // Omaha National, a provider of workers’ compensation insurance, has announced it is expanding coverage to New York. By combining proprietary insurtech software with hands-on underwriting and claims management, Omaha...
Ryan Specialty Launches Initial Public Offering with 57M Shares
Jul 12 2021 // Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement...
Consilium Unveils Delegated Underwriting Authority Services for Re/Insurance Market
Jul 9 2021 // Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting authority (DUA) service for coverholders, which aims to...
SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance
Jul 8 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been...
MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard
Jul 6 2021 // Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility. Backed by A-rated global carriers, the facility includes US$5...
Howden’s Data Analytics Unit, HX, Launches Insurance Market Information Platform
Jul 1 2021 // HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the...
Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change
Jun 24 2021 // His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by...
Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M
Jun 23 2021 // Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance,...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr
Jun 14 2021 // Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on...
Bell and Clements Launches Intellectual Property Insurance for Law Firms
Jun 10 2021 // Bell and Clements Inc., part of Munich Re Specialty Insurance (MRSI), is launching an Intellectual Property Legal Professional Liability (IPLPL) product specifically designed for law firms of all sizes with 65% or more of...
Brit Launches Consortium to Simplify Underwriting of Marine War Breach Call Risks
Jun 3 2021 // Brit Ltd. announced the creation of a marine consortium called “Keel,” which aims to revolutionize the writing of marine war and breach call risks. Keel offers up to $152.2 million of capacity per risk and...
Willis Towers Watson Launches Sports and Entertainment Industry Group
Jun 1 2021 // Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment (S&E) organizations and entertainment professionals seeking to identify,...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios
May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius. Alongside...
ISC Launches General Liability Program for Gig Economy Contractors
May 19 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched a new general liability...
The Entertainment Comeback Insurance Market Ready to Respond Despite Challenging Market Conditions
May 17 2021 // The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment...
Taming ‘Live Cat’ COVID Events in the Entertainment Industry
May 17 2021 // In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late February 2020, underwriters began excluding communicable disease from all of the underlying...
Highland Insurance Solutions Launches Admitted Builders Risk Coverage
May 11 2021 // Managing general agent Highland Insurance Solutions has launched a builders risk product available on admitted paper for construction owners, contractors, developers and homeowners. Available in 26 states, the coverage is...
