Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Alphabet Inc.’s Waymo Launching Autonomous Vehicle Testing Site in Ohio
Dec 3 2020 // Waymo plans to open a new testing site in Ohio for its driverless autonomous vehicles that will focus on dense, urban areas, the company has said. The new site being built at the Transportation Research Center near...
Automakers Unveil Steps for U.S. to Speed Up Self-Driving Vehicle Deployment
Dec 3 2020 // A group representing major automakers is unveiling a detailed proposal Wednesday aimed at making it easier to deploy thousands of self-driving vehicles in the coming years, according to a document seen by Reuters. The...
Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution
Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink...
HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims
Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...
Risk Placement Services Launches Online Commercial Crime Product
Nov 16 2020 // E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties. Available to...
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida
Nov 16 2020 // Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a national property insurer, have created TRUE, a reciprocal insurance company to protect...
Homeowners Insurer Openly Enters Ohio
Nov 13 2020 // Boston-based Openly is now selling homeowners insurance in Ohio. Ohio homeowners and independent agents can now buy Openly’s premium insurance, obtaining quotes in 15 seconds, according to the company’s media...
Applied Underwriters Announces Formation of Applied Specialty Underwriters, Names Christopher Day President of the New Company
Nov 5 2020 // Applied Specialty Underwriters will concentrate on Casualty E&S markets nationwide, initially focusing on New York construction risks. Omaha, NE, November 5, 2020 — Steve Menzies, CEO of Applied Underwriters,...
Starr’s Marine Division Launches Terminal Management System Loss Control Program
Nov 3 2020 // Starr Marine, a division of Starr Insurance Companies, has introduced a Terminal Management System (TMS) Assessment Program, designed to help Starr clients identify and reduce the risks unique to marine terminal operations...
Integrated Specialty Coverages Launches Investor Property Insurance Program
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
ReAlign Insurance Launches Summit Specialty Insurance in Nebraska
Oct 29 2020 // ReAlign Insurance Holdings LLC (ReAlign) has formed Summit Specialty Insurance Co. (Summit Specialty), a new surplus lines insurance carrier based in Nebraska. A wholly owned subsidiary of ReAlign Insurance Holdings Inc....
AXIS Insurance, Kennedys Law Launch Marine Cyber Product
Oct 29 2020 // Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber...
Hanover Insurance Enters Maryland Personal Lines Insurance Market
Oct 27 2020 // The Hanover Insurance Group Inc. (THG) has expanded its business in Maryland to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. The Hanover has...
LifeSaver Mobile Launches on the Geotab Marketplace
Oct 26 2020 // Solution can help Geotab customers prevent employee phone use while driving. San Jose, CA and Toronto – October 26, 2020 – LifeSaver Mobile, a leading provider of fleet safety software, today announced the availability...
HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA
Oct 20 2020 // HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle...
Specialty Broker NARDAC Launches in California
Oct 19 2020 // Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly...
Maryland Auto Insurance Launches New Auto Insurance Fraud Initiative
Oct 16 2020 // Maryland Auto Insurance has launched an initiative aimed at combatting auto insurance fraud in Maryland. This comes as the FBI projects insurance fraud accounts for more than $40 billion in costs annually, according to a...
Insurance Acquisition Completes Shift Auto Retailer Deal; IPO Launches
Oct 16 2020 // Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public through a reverse-merger deal with blank check firm Insurance Acquisition Corp. Shift shares were...
INSTANDA Launches Cyber Insurance Product in Africa
Oct 16 2020 // INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa. INSTANDA...
