Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Stonetrust Entering Nebraska Workers’ Comp Market
Aug 30 2017 // Omaha, Nebraska-based Method Insurance Services announced it will be the exclusive distribution channel for Stonetrust Commercial Insurance Co. as it enters the Nebraska workers’ compensation...
NexAssure to Launch MGA for Europe, Middle East Business
Aug 23 2017 // NexAssure Group is set to open a specialist managing general agent, NexAssure Agency (UK) Ltd. in London and has appointed a senior underwriter Mark Angel as head of Specialty to lead the company’s expansion into...
Ohio’s Grange Insurance Launches 36-Month Policy Option for Businesses
Aug 22 2017 // Columbus, Ohio-based Grange Insurance has introduced a new 36-month commercial insurance package policy, aimed at helping select businesses spend less time renewing their insurance each year and more time on what matters...
Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
Aug 22 2017 // Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective...
XL Catlin’s Bongi Moves to Brit Global Specialty USA to Launch Professional Lines
Aug 15 2017 // Brit Ltd. has appointed Tom Bongi as executive vice president of Professional Lines at Brit Global Specialty USA. Bongi is responsible for establishing and developing Brit’s Professional Lines portfolio in the U.S....
London Market Launches Data Capture Service Designed to Cut Data Re-Keying
Aug 8 2017 // The London Market Group (LMG) announced that one of the core solutions for improving the London market’s efficiency, called structured data capture (SDC), has gone live for the lines of terrorism, financial lines,...
Progressive Unveils Online Homeowners Insurance Comparison Shopper
Aug 7 2017 // Progressive announced a new tool called HomeQuote Explorer, an online platform designed to enable homeowners to compare home insurance quotes from multiple carriers. The insurer says it takes 15 minutes or less to get most...
Arizona Launches Campaign on Flooding Danger
Aug 4 2017 // Arizona officials are launching a campaign to make Arizonans aware of the year-round risk of flooding, particularly during the monsoon. Director Wendy Smith-Reeve of the Arizona Division of Emergency Management says most...
AmWINS Launches Site Pollution Liability Program for Small Auto Servicing Firms
Jul 28 2017 // AmWINS Program Underwriters has launched a new stand-alone site pollution liability program to offer a streamlined alternative for small auto servicing entities to obtain site pollution liability coverage. The program,...
ProSight Specialty Launches All-lines Marine Contractors Insurance Program
Jul 26 2017 // ProSight Specialty Insurance has launched its Longshore+ Marine Contractors program, with the goal of unifying all lines of marine insurance under a single carrier. The package offering provides the following coverages:...
Progressive Unveils Online Homeowners Insurance Comparison Shopper
Jul 25 2017 // Borrowing from its own auto insurance model, Progressive is announcing a tool called HomeQuote Explorer, an online platform that allows homeowners to quickly compare home insurance quotes from multiple carriers. The...
Ride-Hail Firm Lyft Enters Race to Manufacture Autonomous Cars
Jul 24 2017 // Ride-hailing provider Lyft Inc., emboldened by public stumbles by larger rival Uber Technologies Inc., is taking the leap into developing its own fully autonomous vehicles. Lyft is opening a self-driving vehicle...
Castel Specialty Launches Global Construction Business
Jul 21 2017 // Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a...
Travelers Launches Usage-Based Insurance App for Personal Auto Customers
Jul 18 2017 // The Travelers Companies, Inc. has launched IntelliDrive smartphone app, which gives customers insights into their driving habits and auto insurance priced according to how they drive. Customers who use the app and drive...
Munich Re US Launches Commercial Drone Operator Liability Endorsement
Jul 7 2017 // Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under...
California Broker Launches National Expansion into Captive Insurance Market
Jun 29 2017 // Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating...
Kinsale Launches Liability Product for Public Officials
Jun 28 2017 // The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or...
MGA Pen Underwriting Launches Specialist Cover for UK Construction Market
Jun 27 2017 // Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated capacity from specialist insurer CNA Hardy, the single...
The Hanover & Chaucer Launch Dublin-Based International Specialty Insurer
Jun 22 2017 // The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business. The...
Arthur J. Gallagher Launches Crime & Management Liability Cover for UK SMEs
Jun 21 2017 // Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products....
