Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Massachusetts’ Governor Baker Announces $10M Small Business Recovery Fund
Mar 18 2020 // Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic. Baker said Monday the fund will provide...
Willis Towers Watson Launches Business Aviation Community Group
Mar 17 2020 // Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to its business aviation clients. A Class focuses on data analytics and risk...
Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools
Mar 12 2020 // Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center. The Digital Market Center is designed to help develop next-generation,...
Sompo GRS Launches Replacement Value Protection Coverage for Real Estate Firms
Mar 6 2020 // Sompo Global Risk Solutions (GRS), a subsidiary of Sompo International Holdings Ltd., has entered into a partnership with independent risk management and insurance consulting firm Fisher Harris Shapiro, Inc. (FHS) to offer...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus
Feb 18 2020 // China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance...
Vermont Governor Announces Decreases in Workers’ Comp Rates
Feb 14 2020 // Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April. Scott’s administration said the reductions are part of a trend in...
Wisconsin’s Understory Launches Hail Insurance for Auto Dealers in 5 New States
Feb 13 2020 // Madison, Wis.-based Understory, which offers parametric insurance for severe weather risks, has launched its supplemental hail insurance product for automotive dealers in five new states: Arizona; New Mexico; Ohio;...
Ohio’s McGowan, Allied Specialty Partner on Amusement/Entertainment Insurance
Feb 13 2020 // Fairview Park, Ohio-based The McGowan Companies has entered into a joint venture with Allied Specialty Insurance Inc., a subsidiary of AXA’s property/casualty and specialty risk division, AXA XL, forming McGowan...
Sompo Global Risk Solutions Launches Product for Life Sciences Industry
Feb 11 2020 // Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry. The new product offers coverage...
Michigan Launching Program to Educate Drivers About Auto Insurance Changes
Feb 7 2020 // Michigan’s top insurance regulator said the state is committed to helping drivers navigate a new law that will let motorists save money by foregoing unlimited medical coverage for crash injuries. The state Department...
Chubb Launches Non Damage Terrorism Product for Businesses
Feb 4 2020 // Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies. Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business...
Branch Launches in Missouri, Offering Home, Auto Insurance
Jan 23 2020 // Columbus, Ohio-based Branch has launched statewide in Missouri, offering home and auto insurance. Branch said using technology and automation it has developed a way to bundle home and auto insurance with just two...
Sedgwick Acquires Restoration Industry Billing Software Firm, G&E Enterprises
Jan 16 2020 // Insurance and benefits claims firm Sedgwick reports it has acquired Chattanooga, Tennessee-based G&E Enterprises. G&E Enterprises is a tome and material billing and data management system for insurance restoration...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets
Jan 9 2020 // Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided...
Iowa’s Collins Community Credit Union, Coverage Direct Partnering on Launch of Collins Insurance
Dec 27 2019 // Collins Community Credit Union is launching Collins Insurance, a partnership with West Des Moines, Iowa-based, independent insurance agency, Coverage Direct. This partnership will provide Collins Community Credit Unions...
Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations
Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses. Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...
MetLife to Enter Pet Insurance Market with Acquisition of PetFirst Program
Dec 5 2019 // MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and...
Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.
Dec 4 2019 // Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and...
Preferred Property Program Launches D&O Policy for Community Associations
Dec 3 2019 // Preferred Property Programs (PPP), a division of Jacobson, Goldfarb & Scott, Inc. (JGS Insurance), has released a national insurance product for community associations. In conjunction with AXA XL, a division of AXA,...
Insurer Brit Ltd. Launches E-trading Cyber Portal
Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give...
