Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Maritime Program Group Launches Ocean Marine Cargo Facility
Aug 2 2016 // Maritime Program Group (MPG) has expanded their marine programs with the launch of a new Ocean Marine Cargo facility. MPG is now underwriting Ocean Cargo with North American Specialty, A+ admitted security by Swiss Re....
Philadelphia Launches Cyber Security Liability Endorsement
Aug 1 2016 // Philadelphia Insurance Companies’ (PHLY) has launched a new Cyber Security Liability Endorsement that offers both first and third party protection for numerous classes of business. The Cyber Security Liability...
Wisconsin Supreme Court Upholds Professional Liability ‘Business Enterprise Exclusion’
Jul 29 2016 // The Wisconsin Supreme Court has put to a rest a case in which an insured alleged breach of faith when the insurance company that wrote his professional liability errors and omissions insurance policy denied coverage due to...
Allianz Unveils Transactional Liability Unit as M&A Surges
Jul 27 2016 // Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer’s Allianz Global Corporate &...
Integro Launches Cyber Risk Practice Focused on ‘Knowledge Assets’
Jul 26 2016 // International broker and risk management firm Integro Insurance Brokers has started a new cyber risk practice focused on exposures beyond the commonly accepted definition of data or ‘knowledge...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line
Jul 21 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has introduced cyber liability insurance in Australia and named Emma Osgood as head of Cyber Liability in the region. BHSI is focusing on the...
Novamar Insurance Launches Yacht Coverage for U.S. Boaters Heading to Cuba
Jul 20 2016 // Novamar, a specialist in the marine and yacht insurance segment, now offers a policy for U.S.-flag yachts navigating Cuban waters. Most vessels $50,000 in value or greater are eligible for coverage. Cuba endorsement...
BHSI Launches Commercial Output Policy for Inland Marine Exposures
Jul 18 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Commercial Output Policy (COP) that combines the company’s new admitted property insurance policy with its inland marine coverages. BHSI’s COP...
Tokio Marine Kiln Launches Online Broker Platform
Jul 18 2016 // Tokio Marine Kiln (TMK) has launched “One TMK,” a digital exchange for brokers to quote and bind policies on-line in real time. The web-based platform has been developed to help brokers lower their...
BHSI Launches A&E Professional Liability Policy with Cyber Insurance
Jul 12 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media,...
Markel International Enters Marine Equipment Market with Senior Execs Appointed
Jul 12 2016 // Markel International, the specialist insurer, has appointed Andy Lane, senior underwriter, in its newly created marine equipment business, part of its marine, energy and property division. Lane joins David Stallard,...
BHSI Enters Australia A&H Market, Appoints Product Leaders
Jul 6 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has launched a full suite of Accident & Health Insurance products in Australia and appointed Daniel Kenny as head of Accident & Health and Shaun...
DataPath Launches System to Monitor Workers’ Comp Medicare Settlement Funds
Jul 5 2016 // DataPath, a payment processor and provider, has launched RelianceCard, a card-based payment option for workers’ compensation Medicare Set-Aside (MSA) arrangements. The customizable card provides MSA recipients access...
Berkley Life Sciences Launches Political Risk Coverage for Life Science Companies
Jul 1 2016 // Berkley Life Sciences, a W. R. Berkley Company, has introduced political risk insurance for life science companies to address life science exposures faced by customers with assets or operations overseas. Life science...
RLI Launches Cyber Liability Insurance for Medium, Large-Sized Firms
Jun 29 2016 // RLI Insurance Company’s RLI Executive Products Group has launched a new cyber liability insurance product. RLI’s cyber liability insurance offers both first and third party coverage options to protect...
Marine Specialist Latitude Brokers Launches Singapore Office
Jun 29 2016 // Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s...
BHSI Enters A&H Market in Asia, Brain Named to Lead A&H in Region
Jun 21 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it is entering the accident & health (A&H) market in Asia, and appointed Phillip Brain as head of A&H in the region. Brain comes to BHSI with nearly...
XL Catlin Launches Wholesale Contractors’ Pollution, Professional Coverage
Jun 15 2016 // XL Catlin’s North America Environmental insurance business has introduced a new wholesale pollution and professional insurance policy designed to help U.S. trade contractors address their contractual obligations to...
