Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Swiss Re and Daimler Launch Jointly Owned MGA to Offer Auto, Mobility Insurance
Oct 12 2020 // Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new managing general agent called Movinx. The aim of the 50/50 joint venture is to...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
North Carolina Enters Phase 3, Certain Businesses Allowed to Partially Reopen
Oct 2 2020 // North Carolina Gov. Roy Cooper announced on Wednesday that bars, amusement parks and movie theaters can partially reopen starting on Friday under a new Phase 3 order. The updated executive order that will remain in effect...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
Justice Department Set to Unveil Plan to Limit Internet Firms’ Liability Protections
Sep 23 2020 // The U.S. Justice Department will unveil later on Wednesday a proposal that seeks to limit legal protections for internet platforms on managing content, a person briefed on the matter confirmed. The proposal, which takes...
Simply Business, AXIS Launch Coverage for Home-Based Small Businesses
Sep 9 2020 // Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who...
Texas’ HIIG Launches New E&S Brokerage Business Unit
Sep 2 2020 // Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage...
National E&S Launches COVID-19 Cleaning GL, CPL Coverage
Aug 25 2020 // National E&S Insurance Brokers has launched COVID-19 cleaning coverage with an “A” rated carrier specifically designed for non-fire/water restoration contractors who wish to perform COVID-19 cleaning and...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
One80 Launches Transportation Threat Protect Program for Commercial Auto Operations
Aug 21 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has launched the Transportation Threat Protect (TTP) program. TTP was designed to protect commercial drivers...
Sompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Aug 18 2020 // Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration...
Progressive Enters Voluntary Market with Expanded Pet Health Insurance Product
Aug 17 2020 // Progressive will enter the voluntary benefits market through a relationship with Pets Best, which is part of Care Credit, a Synchrony product. Progressive Pet Insurance by Pets Best will be available to all U.S. companies...
Sterling New Age Cyber, Elpha Secure Launch ES-1000 Cybersecurity Package
Aug 13 2020 // Cybersecurity insurance company Elpha Secure and partner Sterling New Age Cyber have introduced ES-1000, a service bundle package that focuses on mitigating risk and cyber threat to clients through cyber software,...
CoverWallet Launches Digital Management Liability Package for VC-Backed Startups
Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...
Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market
Jul 31 2020 // The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by a commitment to achieve parity between men and women over the next decade. These measures mark...
Markel Specialty Taps Elzer to Lead Newly Launched Risk Solution Services
Jul 23 2020 // Markel Specialty has launched Risk Solution Services, its newly expanded loss control department, and has tapped Allison Elzer to lead the department along with her team. This department will support clients and production...
Northeast Insurer Plymouth Rock Assurance Launches Umbrella Coverage
Jul 23 2020 // Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for customers across the six states in which it does business. Plymouth Rock’s new umbrella...
Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia
Jul 22 2020 // Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security...
London Market Group Launches Template for Free Trade in Financial Services
Jul 17 2020 // The London Market Group (LMG) launched a paper outlining an ambitious approach to free trade in financial services, using the forthcoming UK-Switzerland trade discussions as a template for an approach to other third...
Chubb Unveils Public-Private Program for Pandemic Business Interruption
Jul 9 2020 // Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an...
