Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
Sep 19 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that...
Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase
Sep 18 2023 // Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase...
People Moves: Sompo International Announces New UK Leadership Team; SiriusPoint Names Smyth Head of Marine, Active U/W for Syndicate 1945
Sep 15 2023 // This edition of International People Moves details appointments at Sompo International and SiriusPoint. A summary of these new hires follows here. Sompo International Announces New UK Leadership Team Sompo International,...
Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView
Sep 12 2023 // A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance...
Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called...
Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform
Sep 8 2023 // Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint. The updated platform features new technology that will...
Ohio Bureau of Workers’ Compensation Announces 3.9% Rate Reduction for Public Employers in 2024
Aug 30 2023 // The Ohio Bureau of Workers’ Compensation announced a 3.9% rate reduction for the state’s public employers, a rate cut that will go into effect Jan. 1, 2024. The rate reduction will result in nearly $8 million...
Wright Flood to Launch Residential, Private Flood Insurance Option in 5 States
Aug 22 2023 // Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana. Written...
Amwins Specialty Auto Launches in Oklahoma
Aug 21 2023 // Amwins announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in Oklahoma. Both Amwins Specialty Auto and Ag Workers...
Amwins Specialty Auto Launches Oklahoma Program
Aug 21 2023 // CHARLOTTE, N.C., Aug. 21, 2023 – Amwins today announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in...
Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft
Aug 15 2023 // Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models –...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
Acturis Enters U.S. Market with Acquisition of Broker Buddha
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Markets/Coverages: QBE North America, Converge Launch New Cyber Program
Jul 28 2023 // QBE North America and new managing general agency, Converge, teamed up to launch a cyber insurance program, which will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber...
Texas’ Tokio Marine HCC Unveils New Look Website
Jul 27 2023 // Tokio Marine HCC, headquartered in Houston, Texas, announced it has overhauled its website reflecting a fresh new brand look, as it continues its journey to deliver an easier and more rewarding online experience for...
SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Jul 26 2023 // Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend...
Insurance Technology: Embroker Partners with Dashlane and Cowbell; Betterview and EagleView Launch Property Intelligence Alliance
Jul 26 2023 // Embroker announced a partnership with password-management provider Dashlane and cyber insurer Cowbell to increase customer security and expand cyber liability coverage. “Through Cowbell and Dashlane, we are not only...
Markets/Coverages: HUB International Launches Platform to Manage Insurance Needs of Franchisors, Fanchisees
Jul 21 2023 // HUB International Ltd. (HUB), the Chicago-based insurance brokerage and financial services firm, announced the launch of HUB Franchise Insurance Solutions, a digital platform to help franchisors and franchisees manage...
Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover
Jul 21 2023 // Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as...
People Moves: DOXA Adds New Team to Launch Property MGA
Jul 20 2023 // DOXA Insurance Holdings Adds New Team to Launch Property MGA DOXA Insurance Holdings, headquartered in Fort Wayne, Ind., welcomed two new team members, Liz Coakley and Caitlin Murphy. Coakley and Murphy, senior-level...
