Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
EIS Acquires California-based Enterprise Business Solutions from Lemonade
Aug 4 2022 // EIS, a system and digital insurance platform provider, has acquired San Francisco, California-based Metromile’s Enterprise Business Solutions, a SaaS-based claims automation and fraud detection system from...
Insurance Industry Charitable Foundation Launches IICF Global Membership Program, Welcomes Individual Insurance Professionals to Become Members
Jul 28 2022 // Los Angeles, CA., June 27, 2022 – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, on June 1, 2022, launched their new Global...
Markets/Coverages: Openly’s New Homeowners Carrier; Neptune Flood, SIAA Partnership; MiKargo247 Launches for Per-Load Freight
Jul 26 2022 // Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly...
Specialty Program Group Acquires Entertainment/Sports Broker ESP in Massachusetts
Jul 13 2022 // New Jersey-headquartered Specialty Program Group (SPG) said it has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment...
Porch Group’s Homeowners Insurance Enters Delaware, Its 19th State
Jul 8 2022 // Home services firm Porch Group announced the expansion of its homeowners insurance services, Homeowners of America (HOA), to Delaware, its 19th state. Porch Group is a Seattle-based, technology platform that provides...
Ryan Specialty Expands European Presence With Launch of Madrid Office
Jul 7 2022 // Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is...
SURE Launches First Commercial Product for Texas Business Owners
Jun 29 2022 // SureChoice Underwriters Reciprocal Exchange launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy combines both property and general liability...
Marsh Launches Cyber Incident Management Service to Support UK, European Clients
Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...
Homeowners of America Launches Insurance Services in Oklahoma
Jun 28 2022 // Porch Group’s Homeowners of America introduced service in Oklahoma. This is now HOA’s 18th state of operation. Porch Group is a Seattle-based vertical software company in the home services and insurance...
China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021
Jun 28 2022 // China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to...
Markets/Coverages: Hippo Enters Home Insurance Market in Massachusetts
Jun 22 2022 // Digital insurer Hippo Insurance Services announced the availability of its home insurance products in Massachusetts. Residents of the Bay State can now access Hippo’s home insurance coverage, as well as...
Small Business Digital Agency Coterie Enters New York; Now in All States
Jun 14 2022 // Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the...
People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region
Jun 6 2022 // This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l...
North Carolina Unveils Flood-Warning System for Roads
May 27 2022 // The North Carolina Department of Transportation has armed itself with an advanced flood-warning system designed to help pass the word to motorists on any flood risks to roads, bridges and culverts. A news release from the...
Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
May 26 2022 // Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built...
WTW Launches Cyber Coverage for Ports and Terminals
May 24 2022 // Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both...
FAIR Plan Launches Higher Coverage Limits for Commercial, Business Properties
May 3 2022 // The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being made available in response to customer requests for FAIR Plan coverage of higher value...
UK’s Flood Re Launches Scheme to Help Homowners Raise Resilience Against Floods
Apr 18 2022 // Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability of flood insurance, has launched a proposition designed to ensure homes are more...
RenRe Launches Casualty, Specialty Venture for ILS Investors
Apr 6 2022 // With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 million of capital, the...
The National Alliance Launches NEW Self-Paced Courses: Intro to Commercial/Personal Lines, Flood, Ethics, Workers Compensation
Mar 24 2022 // Austin, TX., March 24, 2022 – The National Alliance for Insurance Education & Research has launched five self-paced insurance license renewal and introductory classes on the topics of Ethics, NFIP Flood Exposures,...
