Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
The Target Markets, The Institutes Launch Program Business Professional Designation
Mar 28 2024 // The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group created a new credential for program insurance professionals, the Program Business Professional (PBP) designation. The PBP...
Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians
Mar 26 2024 // Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it...
Markets/Coverages: Aon Launches Partner Risk Insights
Mar 12 2024 // Aon plc, a global professional services firm, today announced the launch of Partner Risk Insights, a digital platform powered by CoverWallet, to help U.S. organizations simplify the way they manage insurance-related...
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mar 7 2024 // Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber...
People Moves: LAUNCH Names Seger CTO; Kraus-Anderson Insurance Adds Business Development Positions
Mar 6 2024 // LAUNCH Names Seger CTO LAUNCH, headquartered in Omaha, named JT Seger as chief technology officer. Seger’s experience includes being a co-founder at Sequel and a principal software engineer at Maptician and...
Resilience in California Launches Technology E&O Coverage
Mar 6 2024 // San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess...
Markets/Coverages: Falvey Launches Commercial Output Insurance
Mar 5 2024 // Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial...
UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M
Mar 4 2024 // Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes...
Symphony Risk in California Launches Captive Program for Cannabis Industry
Mar 4 2024 // Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool...
People Moves: AXIS Promotes Ashby to Chief Commercial Officer; Miller Launches Parametric Team Headed by Glenister From Mastercard
Mar 1 2024 // This edition of International People Moves details appointments at the re/insurer AXIS Capital Holdings and insurance broker Miller. A summary of these new hires follows here. AXIS Promotes Ashby to Chief Commercial...
Markets/Coverages: Legal & Contingency Launches EV Charging Site Insurance for England and Wales
Feb 28 2024 // Legal & Contingency Ltd. (L&C), the London-based MGA that specializes in underwriting legal indemnities and title risks, announced the launch of an insurance policy which will cover the installation of electric...
Canada’s Co-operators Enters Home-Services Business With Carson Dunlop Purchase
Feb 16 2024 // Co-operators Financial Services Ltd. announced the acquisition of the parent company of Carson Dunlop & Associates Ltd., a consulting engineering firm that provides advice to help homeowners make better, more informed...
Symphony Risk in California Launches Captive Program for Cannabis Industry
Feb 16 2024 // Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool...
Markets/Coverages: Loadsure Launches Motor Truck Cargo Insurance
Feb 13 2024 // Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck...
SiriusPoint Enters Strategic Partnership With MGU Ryan Specialty Nordics
Feb 13 2024 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership. SiriusPoint will support...
Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients
Feb 12 2024 // Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The...
Pennsylvania Courts’ Cyber Battle With an ‘Unknown Opponent’ Enters Third Day
Feb 7 2024 // Pennsylvania’s court system is in a “virtual battle with an unknown opponent” that attacked and shut down key portions of the courts’ online services last Sunday and then again on Tuesday after they...
Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as...
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...
Markets/Coverages: Brace Underwriting Launches Brace USA
Feb 1 2024 // Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO...
