Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
National Interstate Enters Ambulance Insurance Market
May 18 2011 // National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP)...
Arrowhead Announces Acquisition of Specialty Agency Trafalgar Marine Insurance Services
May 17 2011 // San Diego, CA, 05/17/11 – ARROWHEAD General Insurance Agency, Inc., one of the nation’s largest property and casualty insurance program managers, is pleased to announce the acquisition of the specialty insurance...
Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes
May 16 2011 // Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased – so much so that Dr. Erwann Michel-Kerjan,...
Catlin UK Launches ‘BusinessAssist’ for SME Disaster Recovery
May 12 2011 // Catlin UK, a subsidiary of Catlin Group Limited, announced that it has “teamed with risk mitigation and loss reduction specialist Global Continuity” to include an enhanced disaster recovery plan,...
Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes
May 10 2011 // Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased — so much so that Dr. Erwann Michel-Kerjan,...
Hagerty Marine Announces Broker Program in Canada
Apr 18 2011 // Hagerty Classic Marine has created a broker referral program for its Canadian product. This move will allow brokers in Canada to refer collector boat insurance clients and receive commission for new and renewal business....
Insurance Industry Charitable Foundation Launches Chicago/Midwestern Division
Apr 14 2011 // The Insurance Industry Charitable Foundation has launched a Chicago/Midwestern Division. Presently operating a California/Western Division and a New York/Northeast Division, the Foundation has expanded to include a third...
Target Markets Announces Program Business Research Project
Apr 14 2011 // The Target Markets Program Administrators Association (TMPAA) will begin research to document the size, characteristics, growth and other base-line information about the program business market. The “State of Program...
Take1 Insurance Launches Coverage for ‘Docu-Soap’ Television Producers
Apr 13 2011 // Take1, entertainment division of the U.S. Risk Insurance Group, will now cover “docu-soaps,” a new segment of the television production market, under its DICE (Documentary, Infomercial, Commercial, Educational)...
KnightBrook Enters Lawyer’s Liability Market in Pa.
Apr 6 2011 // KnightBrook Insurance Co., a premier specialty insurance company underwriting niche program business, will be entering the legal malpractice insurance market in Pa. The KnightBrook Legal Malpractice program in Pa. is...
Ironshore Canada Launches Specialty Casualty Division
Mar 28 2011 // Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head...
Protective Specialty Announces Expansion of Professional Liability Product Offerings
Mar 25 2011 // Indianapolis, Ind. – Mar 25 2011 – Protective Specialty Insurance Company (PSIC) has expanded its product offerings to include Technology Professional Liability, Architects and Engineers Professional Liability...
MetLife Auto & Home Launches Combo Package Policy in 28 States
Mar 18 2011 // MetLife Auto & Home has will roll out its personal lines “combo” policy into 28 new states over the course of 2011. The policy combines multiple insurance products into one package with one bill and one...
Lloyd’s Insurer Kiln Enters Liability Market
Mar 17 2011 // Kiln, the international insurance and reinsurance underwriting group, and a subsidiary of the Tokio Marine group, announced that it has launched a new Liability function to underwrite and support general liability...
American Claims Management Announces New Business Relationship With Sparta
Mar 14 2011 // San Diego, CA, 3/14/11 – American Claims Management, Inc. (ACM) announced a new business relationship with SPARTA Insurance. Effective March 1, 2011, ACM began handling workers’ compensation claims for policies...
Specialty Insurance Managers Launches Energy Division, Program
Mar 7 2011 // Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead underwriter/broker. Bila has headed SIM’s general lines department for 19...
Preferred Concepts Launches Auto Industry Division
Mar 4 2011 // Preferred Concepts, LLC, a national insurance program administrator, has established an automotive industry underwriting unit, SeaFire Insurance Services a division that initially will specialize in franchise auto dealers,...
Republicans to Re-launch U.S. Flood Insurance Overhaul
Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told...
Berkshire Hathaway Enters India Insurance Market
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for...
Business Risk Partners Launches Combo GL, E&O Coverage for Home Inspectors
Feb 16 2011 // Business Risk Partners is now offering general liability coverage to home inspector firms that purchase errors & omissions insurance. Bundling the two products addresses the increasingly grey areas between GL and...
