Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6. Chord Re expects to both structure and lead programs in specialist classes and will...
Chubb Launches Commercial Division for SMEs in Asia Pacific
Nov 14 2017 // Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs). This new business division, which is named the Small Commercial Division,...
IICF Announces 11th Annual Benefit Dinner in New York to Honor Ryan Specialty Group
Nov 6 2017 // The Insurance Industry Charitable Foundation (IICF) will host its 11th annual Northeast Benefit Dinner on Wednesday, Dec. 13, 2017, at the Sheraton New York Times Square Hotel. The dinner is expected to draw the attendance...
Markel Launches Primary Coverage for Biomedical, Life Sciences Companies
Oct 25 2017 // Markel Corporation has announced a new insurance product for biomedical and life sciences companies in the U.S. primary insurance segment that provides product liability, professional liability, general liability, clinical...
Neon Launches Marine Joint Venture in Italy
Oct 20 2017 // Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target...
Delaware Announces Workers’ Compensation Rate Decrease
Oct 19 2017 // Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct...
K&K Launches General Liability Program for Yoga Instructors
Oct 17 2017 // K&K Insurance Group, Inc. has launched a new program designed to provide general liability insurance for yoga instructors. The Yoga Instructor Program is designed specifically for individuals working on an independent...
Markel International Launches Fintech Insurance for Asian Market
Oct 17 2017 // Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last...
IICF Announces 11th Annual Benefit Dinner in New York to Honor Ryan Specialty Group
Oct 6 2017 // The Insurance Industry Charitable Foundation (IICF) will host its 11th annual Northeast Benefit Dinner on Wednesday, December 13, 2017, at the Sheraton New York Times Square Hotel. The dinner is expected to draw the...
Everest Re Gets Nod to Launch Irish Insurer for EU Business; Aon’s Cross Is CEO
Oct 3 2017 // Everest Re Group Ltd. announced today that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be...
Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model
Sep 28 2017 // Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the...
State Auto Labs Launches $25 Million Innovation Venture Fund
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
Chubb’s Launches Business Pack Insurance for Australian SMEs
Sep 25 2017 // Chubb has launched a package insurance solution called Chubb Business Pack Insurance for small and medium enterprises in Australia. This solution aims to provide broad coverage for property and liability exposures to help...
Prospect General, Fortegra Launch Tenant Legal Liability Program
Sep 21 2017 // Prospect General Insurance Agency has partnered with Fortegra Financial Corporation, a Tiptree Financial, Inc. company to offer an admitted tenant legal liability program that allows landlords to protect properties from...
Global Aerospace Launches Aviation Professional Services Liability Insurance
Sep 20 2017 // Parsippany, New Jersey, September 20, 2017 – Global Aerospace, a leading provider of aerospace insurance, announces the introduction of Aviation Professional Services Liability insurance for the aerospace industry. The...
SIS Wholesale Insurance Services Launches Online Inland Marine Program
Sep 12 2017 // Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched a new online inland marine contractors’ equipment program. The...
HDI Launches Cyber Coverage for Manufacturing Companies
Sep 8 2017 // International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of...
Chubb Broadens Cyber Enterprise Risk Management Products
Sep 1 2017 // Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech...
Ascot Launches Specialty MGA, Vertical Underwriting Managers
Aug 31 2017 // Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will...
Stonetrust Entering Nebraska Workers’ Comp Market
Aug 30 2017 // Omaha, Nebraska-based Method Insurance Services announced it will be the exclusive distribution channel for Stonetrust Commercial Insurance Co. as it enters the Nebraska workers’ compensation...
