Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
Ryan Specialty Launches Marine Unit; AIG’s Pecci and Stahl to Lead
Apr 25 2016 // Specialty insurance firm Ryan Specialty Group (RSG) has formed a specialty marine underwriting business and tapped two executives who were formerly with American International Group (AIG) to lead it. The newly-formed...
Farmers Launches Rideshare Insurance Coverage in Georgia
Apr 19 2016 // Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Apr 18 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
PURE Insurance Launches Non-Profit D&O Coverage
Apr 14 2016 // Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has made several enhancements to its personal excess liability...
Specialty Insurance Veteran Launches MGA Holding Company: DOXA
Apr 12 2016 // A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance...
Farmers Insurance Launches Rideshare Coverage in New Jersey
Apr 11 2016 // Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal...
XL Catlin Launches New Cargo Policy for Marine Businesses
Apr 8 2016 // XL Catlin’s Americas Marine business has introduced its first new marine product, an enhanced insurance policy to offer more comprehensive cargo insurance coverage on a domestic, foreign or worldwide basis. Andrew...
Patriot National Launches Online Risk Management Marketplace
Apr 6 2016 // Patriot Risk Consultants (PRC), a subsidiary of Patriot National, Inc. has launched PN BidExpert, an online marketplace to connect underwriters and risk managers with loss control engineers. PN BidExpert works by matching...
Schinnerer Launches New Auto Dealer Open Lot Program
Apr 4 2016 // Underwriting manager Victor O. Schinnerer & Company has launched a new Dealer Open Lot Insurance program. The program is available to automotive dealership clients and provides coverage for owned auto inventory held...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the...
Confie Enters Massachusetts Market With Acquisition of Axiom Insurance
Apr 4 2016 // Confie, a national provider of personal and commercial lines insurance, announced Monday that it has entered the Massachusetts market with the acquisition of Axiom Insurance Agency based in Springfield. Terms of the...
K2 Insurance Acquires MGA, Launches Workers’ Comp, Accident Program with QBE
Apr 4 2016 // Program specialist K2 Insurance Services (K2) has acquired a New Jersey managing general agency specializing in workers’ compensation alternatives and also launched a nationwide workers’ compensation program...
Maritime Program Group Launches Non-Admitted Homeowners Program
Apr 1 2016 // Maritime Program Group (MPG) has launched a new non-admitted homeowners program offered through its Private Client Services division. According Brian Botwinick, VP of Private Client services, the product is backed by...
Markel International Launches Fintech Business Protection Cover
Mar 31 2016 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., has launched a policy offering comprehensive protection for businesses in the financial technology (fintech) sector, which includes...
Chubb Launches Healthcare Industry Practice, Taps Clouser to Lead
Mar 30 2016 // Chubb has launched a new industry practice providing insurance coverage and risk management options to the healthcare marketplace. Chubb’s Healthcare Industry Practice will offer a range of insurance products and...
London-Based Chubb Global Markets Announces Lineup of Management Team
Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as...
Chubb Global Cyber Practice Launches Service to Combat Ransomware Attacks
Mar 23 2016 // In response to a 430-percent growth rate in Chubb’s criminal-related cyber losses over the past five years, Chubb’s Global Cyber Risk Practice has launched a service to assist policyholders with ransomware...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Mar 23 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
Mar 18 2016 // Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred...
