Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Applied Specialty Underwriters Launches New Infrastructure, Construction Practice
Nov 30 2021 // Applied Specialty Underwriters has launched a new infrastructure and construction practice and named Christopher Day as president. Additionally, John Schlosser has been named to lead the infrastructure underwriting...
Moody’s Analytics Launches Asset-Liability Management Tool for Insurance Investment
Nov 29 2021 // Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across...
AgentSync Launches AutoPilot, Pairing Leading Technology with Always-on Partners to Unlock Growth for Carriers & Agencies
Nov 16 2021 // AutoPilot revolutionizes insurance licensing services by pairing modern technology, deep expertise, and high-touch service, powering growth for agencies and carriers DENVER, CO – November 16, 2021 – AgentSync, the...
Coalition Enters Executive Risk Insurance Market for Small Business
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
Lloyd’s Broker MNK Re Launches Specialty Wholesale and Retail Unit
Nov 10 2021 // MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale and retail business. This new business will build out a wider category of risk...
AXIS Insurance Enters North American Pet Insurance Market With MGU Petplan
Nov 10 2021 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing...
Insurtech Lemonade Enters ‘Green’ Auto Insurance Business
Nov 3 2021 // Home, renters and pet insurer Lemonade is deploying its artificial intelligence, behavioral economics and social good mantra with its newest product, Lemonade Car. Lemonade Car is designed to offer better auto insurance...
California Announces Workers’ Comp Temporary Total Disability Rates for 2022
Oct 25 2021 // California’s Division of Workers’ Compensation announced that the 2022 minimum and maximum temporary total disability rates will increase on Jan. 1, 2022. The minimum TTD rate will increase from $203.44 to...
NCCI Launches Workers’ Comp Learning Academy for Carriers
Oct 22 2021 // The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on...
Cowbell Cyber, Palomar E&S Enter Multi-Year Partnership
Oct 21 2021 // Cowbell Cyber, an AI-powered cyber insurance provider for small to medium enterprises, announced a strategic partnership with Palomar Excess & Surplus Insurance Co. to expand its offerings on a non-admitted basis...
Castel Targets U.S. Professional Liability Business With Launch of Underwriting Cell
Oct 21 2021 // Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on professional service firms’ business in the U.S. The cell is writing both primary and...
Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg
Oct 21 2021 // Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The...
Lockton Launches Silent Cyber Property Solution for Businesses
Oct 20 2021 // Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from...
Marsh McLennan Launches Cyber Risk Analytics Center
Oct 14 2021 // Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and...
Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance’s Steel
Oct 12 2021 // Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with “A”-rated capacity in the UK. The news follows the launch of its terrorism product in the...
Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges
Oct 8 2021 // Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK and the Europe, Middle East, and Africa (EMEA) region, by addressing cyber insurability...
Willis Re Launches Flood Model for MENA Region
Sep 30 2021 // Willis Re has launched a new flood model for the Middle East and North Africa (MENA) region, which enables re/insurers to quantify their flood risk using a catastrophe model. Currently the model covers Morocco, the United...
MS Amlin AG Enters Agriculture Reinsurance Market, Hiring Bektleuov From PartnerRe
Sep 29 2021 // MS Amlin AG (MS AAG), the global reinsurer, announced its entry into the agriculture reinsurance market with the hire of Rinat Bektleuov as product group lead underwriter. Bektleuov joined the business in August 2021 and...
Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning
Sep 28 2021 // Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability...
AXA XL Insurance and NIP Group Announce Strategic Partnership and Launching of a New Monoline Commercial Excess Liability Program
Sep 28 2021 // Program provides additional protection over scheduled coverages Woodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition...
