Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Xchanging Unveils Modernization Technology Initiative for London Market
Feb 7 2012 // Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to...
ACE and gplink Launch New Yacht Coverage
Feb 7 2012 // ACE Recreational Marine Insurance and gplink have announced broadened coverage and are new savings to qualifying customers through the new ACE gplink Insurance Program. The new product is offered exclusively to owners of...
Mercury Insurance Launches Commercial Auto Product
Feb 7 2012 // Mercury Insurance has introduced a commercial auto product that offers agents a new point-of-sale system that makes it easy to rate, qualify and issue new business, as well as online service capabilities. The new product...
Foremost Launches Updated Auto Program in Illinois
Jan 25 2012 // Foremost Insurance Group has introduced its enhanced auto program in Illinois, featuring more competitive rates, new discounts, increased coverage options and improved online processing. “The technological...
ACE Risk Management Launches Specialty Transportation Segment
Jan 25 2012 // ACE Risk Management has created a national transportation industry segment to offer customized primary casualty coverage for this class. The coverage offered through ACE Risk Management’s specialty transportation...
Momentous Insurance Brokerage Launches Equine Specialty Practice
Jan 6 2012 // Momentous Insurance Brokerage has formed an equine specialty practice to provide insurance coverage for horse-related businesses and private horse owners. The equine practice launched at the start of the year and will...
State Auto Enters Quota Share Agreement for Homeowners Business
Jan 5 2012 // State Auto Financial Corp., based in Columbus, Ohio, announced that the State Auto Group has entered into a quota share reinsurance agreement with a syndicate of reinsurers covering its homeowners book of business. The...
TechAssure Launches Website for IT Coverage
Jan 5 2012 // Members of TechAssure have created a website to offer fast quotes for IT-related businesses looking for coverage with CoverITfast. The website, http://coveritfast.com/coverit/, was designed to speed up the process of...
Maine-based Workers’ Comp Insurer MEMIC Group Announces Promotion
Jan 4 2012 // The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, promoted Jeff Funk to the position of assistant vice president. MEMIC said Funk played an integral role in MEMIC’s expansion in...
Maine-based Workers’ Comp Insurer MEMIC Announces Acquisition
Dec 20 2011 // Workers’ compensation insurer The MEMIC Group acquired a Vermont-based insurer. The insurer also said it plans to expand its operations in Pennsylvania and New Jersey in 2012. MEMIC purchased Granite Manufacturers...
Va.-based IT Firm CSC Launches Insurance Cybersecurity Council
Dec 14 2011 // Virginia-based IT services provider CSC is forming an advisory board to help tackle cyber security issues in the insurance industry. It’s called the Insurance Cybersecurity Advisory Council. The company says the...
Torus Enters U.S. Surety Market
Dec 13 2011 // Torus has entered the U.S. surety market with the launch of Torus Surety and the acquisition of First Sealord Surety Inc. The deal should be finalized in January 2012. Torus Surety will focus on providing contract surety...
Hub International Enters Latin American Market with Harmonia Tie-up
Dec 13 2011 // Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora de Seguros Ltd. The deal marks the first expansion for Hub outside the U.S. and...
Navigators Launches International Defense Costs Coverage
Dec 12 2011 // The Navigators Group Inc. has created an international defense costs policy for individual directors in the wake of developments in Australia and New Zealand. “In light of the recent Australian Institute of Company...
Ryan Specialty Announces New Transactional Liability Facility
Dec 7 2011 // A subsidiary of Ryan Specialty Group will administer a new transactional liability and tax insurance facility after entering new trading relationships with three carriers. Concord Specialty Risk will have the capacity to...
ProHost Launches Employment Practices Coverage for Restaurants
Dec 5 2011 // ProHost has started offering employment practices liability insurance for restaurants, including wage and hour defense coverage. The product will cover claims from both customers and employees. Wage and hour claims have...
Broadspire Launches Workers’ Comp Health Care Network in Texas
Dec 2 2011 // Broadspire, a third party administrator (TPA) and medical management services provider, announced it has launched its workers’ compensation health care network (HCN) in Texas. The Broadspire workers’...
Aspen Enters Recreational Marine Market
Dec 1 2011 // Aspen U.S. Insurance has entered the recreational marine insurance market. Its products will be distributed through an exclusive agreement with the Atlanta-based Axiom Insurance Management, Ltd. The focus will be on...
The Liberty Company Expands to Entertainment Industry
Nov 23 2011 // The Liberty Company Insurance Brokers Inc. is extending its services into the entertainment industry through Liberty Entertainment Insurance Services LLC in Woodland Hills, Calif. Daniel R’bibo will serve as...
Van Wagoner Entering Oklahoma Commercial Earthquake Market
Nov 16 2011 // Texas-based managing general agency, Van Wagoner Companies, plans to begin selling “monoline” commercial earthquake insurance as a surplus line in Oklahoma, the Oklahoma Insurance Department announced. Van...
