Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
CFC Launches Transaction Liability Product for Portfolio Acquisitions
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model
Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims. Delegated...
Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality
Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration...
New Business Interruption Insurance Class Action Launched in Canada
Jul 7 2020 // Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for...
Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks
Jul 6 2020 // Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line of over US$20 million for a range of challenging general liability risks such...
Canopius Launches Cyber Property Product to Address Silent Cyber Gap
Jul 6 2020 // Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe. In light of the ever-evolving cyber threat,...
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty
Jun 24 2020 // Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based Nephila is the largest institutional asset manager dedicated to...
Berkley One Launches Recreational Marine Product, Enhances Other Offerings
Jun 24 2020 // Berkley One has launched a recreational marine product and made other product enhancements in five states. Recreational Marine insurance, already offered by Berkley, has been relaunched through Berkley One with new...
AmTrust Exec Launches Commercial Crime Product for Businesses
Jun 22 2020 // AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses. The monoline commercial crime product...
Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses
Jun 19 2020 // Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market
Jun 16 2020 // Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz...
Insuretech Noblr Enters Louisiana Auto Insurance Market
Jun 12 2020 // Behavior-based auto insurance from Noblr is now available in Louisiana, the company said. The company provides an app-powered, personalized car insurance experience that rewards members’ good driving behaviors with...
HDI Global Specialty Launches London Political & Credit Risk Team with Hires from Neon
Jun 9 2020 // HDI Global Specialty SE, the specialty lines insurer, has launched a Political and Credit Risk team in London with the hires of Nick Robinson and Anthony Vaughan. Both have joined HDI Global Specialty SE’s London...
BHSI Launches Environmental Impairment Liability Insurance in France
Jun 8 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Environmental Impairment Liability (EIL) Insurance in France. The new policy pairs coverage for multiple environmental risks with technical and legal support to...
IGI Launches Marine Trades Insurance Product in UK
Jun 2 2020 // International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK. The addition of the Marine Trades product complements the...
AAIS, Berkley Re Solutions Launch Cyber Protection Product for Families
May 28 2020 // AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), have launched Family Cyber Protection Solution, a new product designed to protect consumers as cyber threats and...
Brit Enters High Net Worth Market with Launch of Private Client Offering
May 28 2020 // Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering. Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners
May 26 2020 // Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the...
CFC Launches Standalone Licensing Agreement Liability Product for IP Risks
May 26 2020 // CFC has released an insurance product for licensing agreements that expands on the company’s suite of media and intellectual property insurance products. According to the company, the global licensing industry is...
