Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Illinois Governor Announces $190 Million In Flood Help
Aug 2 2013 // Gov. Pat Quinn says $190 million in federal grants and loans will be awarded to help Illinois residents and businesses in 35 counties recover from April floods. Federal aid to the designated disaster areas includes $143...
Allied World Bermuda Launches Liability Coverage for ACOs
Jul 29 2013 // Allied World Bermuda has launched a new accountable care organization (ACOs) liability product for Bermuda-based clients. The product provides coverage for ACOs – newly emerging healthcare organizations characterized by...
Hawaii Cyber Range Launches Anti-Hacking Training
Jul 26 2013 // The state of Hawaii has launched a center to train people to defend computer systems from attack. The so-called “cyber range” is a collection of servers and routers in a room on the University of Hawaii’s...
Cooper Gay Help Launch New Lloyd’s Coverholder Business in The Bahamas
Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...
Travelers’ Small Business Risk Education Program Launched in Chicago
Jul 18 2013 // The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management...
N.J. Gov. Christie Announces More Flood Buyouts
Jul 18 2013 // The floodwaters from Superstorm Sandy gushed in through Bob and Pat Smith’s porch windows and didn’t stop rising till reaching the 6-foot mark. The Smiths marked the insurgence with a piece of black electrical...
Arch Insurance Group, CalSurance Launch Liability Coverage for Bloggers
Jul 10 2013 // Arch Insurance Group, a member of Arch Capital Group Ltd., has released a new blogger insurance program. Partnering with CalSurance Associates, a division of Brown & Brown Program Insurance Services, Inc., Arch...
Tower Group International Enters Marine and Energy Market
Jul 9 2013 // Tower Group International, Ltd. has entered into the marine and energy insurance market. Tower’s new marine and energy team will be led by Tom Guarnera and Jeff Kaufmann, who are joining Tower from the U.S. office of...
Aon Benfield Impact Forecasting Launches Alberta Flood Model ‘Footprint’
Jul 8 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model following the recent floods in the Canadian province of Alberta. The bulletin said the model uses...
Erie Insurance Announces Property Development Plan for Downtown Erie, Penn.
Jul 2 2013 // Erie Insurance announced Monday that beginning this summer, the company will begin development of several properties that it recently bought near its headquarters in downtown Erie, Pennsylvania. The plan includes building...
Guy Carpenter Launches New Mutual Company Specialty Practice
Jun 28 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company Specialty Practice which will focus exclusively on the needs of mutual insurance...
XL Launches Wage & Hour Liability Insurance Coverage
Jun 21 2013 // XL Group’s Bermuda Professional Lines Unit has launched a new insurance product to specifically address the needs of Fortune 500 companies and other large employers potentially exposed to employee compensation and...
Freedom Specialty Launches Lease Protection for Property Owners, Managers
Jun 17 2013 // Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can...
Ryan Specialty Group’s ThinkRisk Announces New Hires in Northeast
Jun 13 2013 // Ryan Specialty Group’s ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and Nicole Simmons. Koppel joins ThinkRisk as a senior underwriter. He is based in...
ACE Launches CPL Coverage for Healthcare Industry Construction Projects
Jun 12 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled insurance program (OCIP) for the healthcare industry. This new policy can be used to...
Willis Launches ‘CRIMEstar’ – All Risks Cover for Commercial Crime
Jun 11 2013 // Willis Group Holdings has launched “CRIMEstar,” which it describes as a “new commercial crime all risks wording, in response to the growing threat to businesses from fraud and other criminal activity. The...
ProSight Specialty Launches “Pay as you Build” Builders Reporting Policy
Jun 6 2013 // ProSight Specialty Insurance, a global insurance group in the construction industry, has launched a new product that will provide residential and commercial contractors with additional cash flow through a “payas you...
XL Launches Unit Dedicated to Reinsurance in Emerging Global Markets
Jun 4 2013 // XL Group announced that it is expanding its reinsurance operations with the creation of a “dedicated Reinsurance Global Emerging Markets unit to optimize development in these markets.” XL has named Philippe...
HCC Insurance Holdings Launches Construction Property Risks Division
May 31 2013 // HCC Insurance Holdings, Inc. has expanded into builder’s risk insurance with the launch of its new Construction Property Risks Division. The new division will be based in New York and be led by Francis P. Tricamo,...
Ironshore International Launches Terrorist Coverage for High-Profile Events
May 29 2013 // Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events. The new product, “SecurEvent,” is a single broad form policy that...
