Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
HSB Launches Workplace Violence Insurance for Small Businesses
Feb 18 2021 // HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling, crisis communications, lost business income and security services to help companies...
Kin Insurance Launches Landlord Insurance in Florida Market
Feb 11 2021 // Kin, an insurance technology company, has launched its landlord insurance plans in the Florida market. Kin’s landlord insurance applies to property owners who rent out their detached homes and townhouses. It also...
Ambac Financial Launches Specialty Insurance Group Everspan
Feb 10 2021 // Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies...
McGriff Launches On-Demand Excess Liability Product for Freight Brokers
Feb 8 2021 // McGriff has launched a new product that gives freight brokers the ability to purchase excess auto liability coverage online. TripExcess is a per-shipment excess liability product that will allow shippers, 3PL/brokers and...
USAA, Serving Military and Veterans, Enters Small Business Insurance Market
Feb 8 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states...
Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609
Feb 4 2021 // Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185...
AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects
Feb 3 2021 // AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients. Mass timber building materials, which includes cross laminated...
Branch Insurance Enters Indiana with Bundled Home, Auto Coverage
Feb 3 2021 // Branch Insurance, based in Columbus, Ohio, has expanded into Indiana. Using technology and automation, the company offers bundled home and auto insurance online. Branch’s entry into Indiana marks the company’s...
USAA, Serving Military and Veterans, Enters Small Business Insurance Market
Jan 28 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states –...
Insurance Industry Veterans Launch Upland Capital Group in Dallas
Jan 25 2021 // Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has opened for business. Upland is funded through an equity investment of up to $200 million...
Liberty Specialty Markets Launches German Terrorism Insurance Coverage
Jan 20 2021 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written...
Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective
Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...
Core Specialty Partners, Lancer Launch Excess Transportation Program
Jan 13 2021 // Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general...
Willis Towers Watson Launches Suite of Cyber Risk Management Assessments
Jan 12 2021 // Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA...
Marsh Launches UK & Ireland Sharing Economy & Mobility (SE&M) Industry Group
Jan 6 2021 // Marsh, the insurance broker and risk adviser, has launched a dedicated Sharing Economy & Mobility (SE&M) industry group in the UK & Ireland. Led by Sam Tiltman, the group brings together over 25 sector...
New Group Launched for Senior Claims Managers in London Insurance Market
Dec 22 2020 // A new group for senior claims managers in the London insurance market has been established by the International Underwriting Association (IUA). The Claims Strategy Committee will oversee and coordinate all claims-related...
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO
Dec 21 2020 // Greg Hendrick, CEO and co-founder of the new reinsurance and insurance company Vantage Risk, isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive down...
Wright National Launches Admitted Residential Flood Insurance Product in Texas
Dec 15 2020 // Wright National Flood Insurance Services has introduced an exclusive, admitted, stand-alone flood product in Texas: Wright Residential Private Flood Insurance. The product, which became available on Dec. 14, will be sold...
New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO
Dec 11 2020 // Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive...
