Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Nov 9 2022 // Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability,...
People Moves: Dale Enters Marine Re With 2 MS Amlin Hires; Chubb Taps AGCS’ Turberville as Head of Hull, Global Mkts.; Argenta Names Blackwell Head of Property
Nov 4 2022 // This edition of International People Moves details appointments at Dale Underwriting Partners, Chubb and Argenta. A summary of these new hires follows here. Dale Underwriting Offers Marine Reinsurance With 2 Hires From MS...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories
Oct 20 2022 // A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity for specialty lines of businesses and hard-to-place risks. Specialty MGA UK...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s
Oct 13 2022 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium...
People Moves: Aon Announces New Lineup for UK Commercial Risk Team; Zurich Appoints Seach as Group CUO, Succeeding Robinson
Oct 13 2022 // This edition of International People Moves details appointments at Aon and Zurich Insurance. Aon Announces New Lineup for UK Commercial Risk Team A summary of these new hires follows here. Insurance broker Aon plc has...
Markets/Coverages: Lockton Launches Digital Asset Custody Insurance Facility; WTW Launches Risk IQ Portal for Direct Access to Modeling Tools
Oct 12 2022 // Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America
Oct 12 2022 // European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is pressuring the industry to raise rates and continue improving the quality of their portfolios, according to a...
Specialty MGA Optio Launches MGA and Broking Operations in Dubai
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Cyber MGA Resilience Launches UK Operation
Sep 28 2022 // Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market. In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI...
Markets/Coverages: Marsh Clients Can Pay Fees With Carbon Credits; Cowbell Debuts Adaptive Cyber, Launches Cowbell Specialty
Sep 23 2022 // Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the...
Markets/Coverages: BHSI Launches Multiple New Policies in Spain
Sep 22 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional indemnity and marine cargo insurance policies in Spain. “Launching our...
SURE, SageSure Launch Reliable Commercial Protection in Louisiana
Sep 20 2022 // SURE, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial insurance in Louisiana. Small and mid-sized Louisiana business owners can now bundle general...
Texas’ Scottish American Launches General Liability Program for Contractors
Sep 13 2022 // Scottish American, a wholesale insurance brokerage, managing general agency, and program manager based in Grapevine, Texas, announced that it has launched its new program, Contractors Guard, a general liability program...
Property Catastrophe Reinsurance Entering a True Hard Market
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Sep 8 2022 // Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is expected to close...
Cyber MGA Coalition Launches in UK Insurance Market
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate &...
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property...
People Moves: BHSI Enters Commercial Hull in Australasia, Hiring Hesson From QBE; Hannover Re Appoints Swiss Re’s Ooi to Oversee P/C Growth in APAC
Aug 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re. A summary of these new hires follows here. BHSI Enters Commercial Hull in Australasia, Hiring...
Markets/Coverages: At-Bay Launches Misc. Pro Liability; Cover Genius Partners with Zip
Aug 4 2022 // At-Bay Expands Insurance Offerings With Launch of Miscellaneous Professional Liability At-Bay announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically...
