Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
Sep 20 2013 // The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays...
Allied World Launches Admitted Lawyers Professional Liability Product
Sep 19 2013 // Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with...
State Auto Announces Western Region Staffing Additions
Sep 18 2013 // The western region office of State Auto Insurance, based in Austin, Texas, announced additions to its regional workforce to support a growing small business, middle market and large account portfolio. The group has added...
Monitor Launches Enhanced Executive Liability Insurance for Private Companies
Sep 18 2013 // Monitor Liability Managers has launched a new executive liability insurance suite of coverages for privately held companies called ExecSuite. With ExecSuite, businesses can choose the coverage that best suits their needs....
Ryan Specialty Group Announces Merger of S.H. Smith & Co. Into R-T Specialty
Sep 16 2013 // Ryan Specialty Group LLC today announced that it reached agreement to merge S.H. Smith & Company Inc. into R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group. Terms of the transaction were not...
Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP
Sep 16 2013 // Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing...
Atlas General Insurance Services, LLC, Announces Its Expansion into Tennessee with Opening of Dedicated Marketing Office
Sep 10 2013 // San Diego, CA, 9/10/13 – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the opening of a dedicated marketing office located in Knoxville, Tenn. The new office will be...
Nautilus Insurance Group Enters Personal Umbrella Market
Sep 9 2013 // Nautilus Insurance Group (Nautilus) will begin writing personal umbrella and related coverages nationwide through a new office in California. Ann Boman-Clark has been named vice president, underwriting – personal...
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering
Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...
Aon’s Impact Forecasting Launches Models for E. Africa Quakes, Mexico Floods
Sep 3 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake model for East Africa and a new flood scenario-based model for Mexico reinsurers. East...
Ironshore Specialty Launches Simplified Excess Liability Policy Form
Aug 29 2013 // Ironshore Inc.’s Specialty Casualty unit has introduced a new policy form for excess liability risks to provide a more concise coverage option for insurance brokers and insureds. Ironshore’s...
Coventry Risk Specialty Launches Pay-As-You Build Construction Program
Aug 23 2013 // Coventry Risk Specialty, an MGA focused on the construction industry, has launched a new Builders Reporting Policy (BRP) product for the construction industry. Coventry is the countrywide exclusive underwriter and will...
UK’s Ascent Launches General Liability Coverage for SME’s
Aug 22 2013 // UK-based Ascent Underwriting, a Managing General Agent (MGA) specializing in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business...
Allied World Asia-Pacific Launches ‘Side A’ D&O Coverage
Aug 21 2013 // Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland the launch of its Asia-Pacific platform, “the Executive ForceField product to provide a new level of protection for company...
Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks
Aug 20 2013 // Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds...
Aon Unveils Enhancements to Bermuda Shorts Form for Excess Liability
Aug 15 2013 // Aon Risk Solutions, the global risk management business of Aon plc, announced enhancements to Bermuda Shorts, which it described as “an excess liability follow form policy that answers the demand for greater contract...
Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product
Aug 14 2013 // Gridiron Insurance Underwriters, Inc., a program manager that specializes in program business on a regional and national basis through select retail and wholesale producers, will release a new inland marine product called...
Chicago Announces First 12 Automated Speed Locales
Aug 13 2013 // The Chicago Department of Transportation is announcing the first 12 automated speed enforcement sites as part of the city’s “Children’s Safety Zones.” Cameras will monitor speed and revenue from...
Wells Fargo Insurance Launches Intellectual Property Financial Protection Products
Aug 5 2013 // Wells Fargo Insurance, part of Wells Fargo & Co. has launched two new insurance products from its Professional Risk Group, Intellectual Property Risk Mitigation Practice (IPRMP): revENSUREand ANDAfend. “Both...
