Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
May 2 2023 // WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and...
Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes
Apr 21 2023 // Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional “follow form” capacity to its clients globally across major...
EU Announces $1.2B Plan to Counter Growing Cyber-security Threats
Apr 19 2023 // The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about a series of high-profile hacking incidents. The growing use...
Insurance Industry Charitable Foundation Launches 2023 Step Up Challenge:
Apr 18 2023 // Annual challenge begins April 24, raises funds in the fight against childhood hunger in US & UK LOS ANGELES (April 13, 2021) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract
Apr 18 2023 // Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of reinsurance contract, which the firm created in collaboration with...
Howden Launches Marine & Energy Business in Norway, Led by Lund From WTW
Apr 14 2023 // Howden has launched a marine and energy business in Norway, led by Frode Lund from Willis Towers Watson, who will drive growth of the new initiative across the Nordic region. Frode will join Howden on Aug. 1, 2023, once he...
ePayPolicy Announces the Release of Payables Connect – Automating Payables Reconciliation for Insurance
Apr 5 2023 // AUSTIN, Texas. April 5, 2023 – Today ePayPolicy announced the release of Payables Connect, the newest innovation in their suite of insurance payment and reconciliation products. Leveraging ePay’s existing...
Beat Capital Launches Specialist Energy Insurance Business With Charlton as CEO
Apr 5 2023 // Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy underwriter, Horace Agency Ltd. Led by industry veteran Chris...
Cowbell Cyber Launches UK Operations, With Hughes From CFC Named General Mgr.
Apr 5 2023 // Cowbell, the Pleasanton, Calif.-based provider of cyber insurance for small-and-medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert Simon Hughes as general manager for...
Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer
Apr 5 2023 // Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in...
Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Apr 5 2023 // Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London. The multi-year arrangement initially will bring $20 million in new capacity to...
Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings
Apr 3 2023 // Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd., which include its wholly owned marine specialist subsidiaries Vessel Protect,...
Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform
Mar 30 2023 // Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of Tremor services that can...
HDI Global Specialty Launches Digital Platform for General Aviation in Canada
Mar 27 2023 // HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes. The platform, called “Aviation IQ” delivers end-to-end digital...
First Cap Launches Admitted Homeowners Program for California
Mar 24 2023 // First Cap Property Insurance Solutions has launched a new admitted homeowners program for California. The program includes Coverage A Limits up to: $1.5 million for HO3 $1 million for DP3 $300,000 for HO6 $250,000 for HO4...
Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK. The company is...
Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules
Mar 15 2023 // The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure. At the start of a public meeting, the Securities...
First Cap Property Insurance Solutions Announces New Admitted Homeowners Program for California
Mar 15 2023 // First Cap Property Insurance Solutions is a San Diego, CA based MGU with a focus on niche property products. Our management and underwriting team have a long history of developing niche property programs for CA as far back...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
Raising the Curtain on the Recovery and Risks in the Entertainment Industry
Mar 10 2023 // When celebrities collect their Oscars on Sunday, none of them will thank insurers. But it’s the insurance industry that makes entertainment production possible, whether it’s movies, live concerts, or even a...
