Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: WTW Launches Property Rebuild Assessment Service, Powered by Kroll Valuation Platform
Jun 20 2023 // Insurance broker WTW has launched a new Property Rebuild Assessment Service, powered by Kroll’s Property Insurance Valuation Platform, to provide its clients with an accurate rebuild valuations report and advice. WTW...
Markets/Coverages: Amwins Global Risks Launches Automated Follow-Form Facility, Led by Beazley
Jun 16 2023 // Amwins Global Risks, the international arm of global specialty insurance broker Amwins, announced the launch of Amwins Amplify, a new automated follow-form facility, led by Beazley’s Smart Tracker Syndicate...
Allstate Announces May Catastrophe Losses, Auto Rate Hikes
Jun 15 2023 // Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There were a dozen events in May causing $893 million in catastrophe losses, Allstate said, but...
Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division
Jun 5 2023 // Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market. Led by Laila Khudairi, the Cyber &...
Flood Risk Solutions Launches LaTour Risk, Focused on Commercial Clients
Jun 5 2023 // A veteran of the flood insurance business in Florida has launched a new division of Flood Risk Solutions, tailored to commercial clients. Chad LaTour, who has worked with National General Holdings, an Allstate company, and...
After Years of Bitter Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
Jun 5 2023 // Federal officials have offered a proposal to control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays and disputes over potential environmental...
Risks on Stage: New World, New Life in Entertainment Business
May 22 2023 // Spectator Safety, Natural Catastrophes, Rising Costs Top Concerns Today As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety,...
ICW Group Launches Commercial Package Offering in Illinois
May 9 2023 // ICW Group Insurance Companies, a group of property and casualty carriers, announced the launch of its new commercial package insurance offering in Illinois with plans to expand throughout the U.S. The introduction of...
Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits
May 8 2023 // Coalition today said it launched a version of its Executive Risks Insurance products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated...
After Years of Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
May 8 2023 // Federal officials presented a proposal Thursday to further control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays amid disputes over potential...
German Insurtech wefox Launches Global Affinity Business
May 3 2023 // wefox, the Berlin-based insurtech, has launched a global affinity business, which increases its existing distribution channel and extends the ability of the company to deliver insurance solutions through partners. This...
Markets/Coverages: RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew
May 2 2023 // RSA Insurance announced it is launching a Superyacht practice, providing comprehensive cover for the larger end of the market, which is traditionally professionally skippered and crewed. The practice will be led by Emily...
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...